{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}E:\Dropbox\experiment\social security\Design_401k\Data appendix\Data\log\labanalysis.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}23 May 2024, 15:08:46
{txt}
{com}. *import experimental data with model predictions
. use data/session1, clear
{txt}
{com}. set scheme s2mono
{txt}
{com}. foreach i of numlist 2/14{c -(}
{txt}  2{com}. append using data/session`i', force
{txt}  3{com}. {c )-}
{txt}{p 0 7 2}
(note: variable
playerQ_RA_interest was 
byte, now int to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerincome was 
str16, now str18 to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playercapital_gains was 
byte, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playercapital_gains_tax_paid was 
byte, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerQ_RA_tax was 
byte, now int to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerMC_answer_3 was 
str11, now str16 to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerincome was 
str18, now str19 to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was long in the using data, but will be
str5 now)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was long in the using data, but will be
str5 now)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was long in the using data, but will be
str5 now)
{p_end}
{p 0 7 2}
(note: variable
playerbalance_CA was 
byte, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playercontributionCA was 
byte, now long to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerCA_interest was 
byte, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playercontributionCA_choice_sta was 
byte, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playercontributionCA_choice_end was 
byte, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was long in the using data, but will be
str5 now)
{p_end}
{p 0 7 2}
(note: variable
playergender was 
str6, now str9 to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was long in the using data, but will be
str5 now)
{p_end}
{p 0 7 2}
(note: variable
playercontributionCA was 
long, now double to accommodate using data's values)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was long in the using data, but will be
str5 now)
{p_end}

{com}. *merge with model predictions
. append using data/model, force
{txt}{p 0 7 2}
(note: variable
participantcode was byte in the using data, but will be
str8 now)
{p_end}
{p 0 7 2}
(note: variable
participant_current_page_name was byte in the using data, but will be
str12 now)
{p_end}
{p 0 7 2}
(note: variable
participanttime_started was byte in the using data, but will be
str32 now)
{p_end}
{p 0 7 2}
(note: variable
playeranswer_4 was byte in the using data, but will be
str31 now)
{p_end}
{p 0 7 2}
(note: variable
playerMC_answer_1 was byte in the using data, but will be
str14 now)
{p_end}
{p 0 7 2}
(note: variable
playerMC_answer_2 was byte in the using data, but will be
str16 now)
{p_end}
{p 0 7 2}
(note: variable
playerMC_answer_3 was byte in the using data, but will be
str16 now)
{p_end}
{p 0 7 2}
(note: variable
playergender was byte in the using data, but will be
str9 now)
{p_end}
{p 0 7 2}
(note: variable
playerrace was byte in the using data, but will be
str25 now)
{p_end}
{p 0 7 2}
(note: variable
playerincome was byte in the using data, but will be
str19 now)
{p_end}
{p 0 7 2}
(note: variable
playereducation was byte in the using data, but will be
str31 now)
{p_end}
{p 0 7 2}
(note: variable
playerZIP was byte in the using data, but will be
str5 now)
{p_end}
{p 0 7 2}
(note: variable
sessioncode was byte in the using data, but will be
str8 now)
{p_end}
{p 0 7 2}
(note: variable
playerconsumption was 
long, now double to accommodate using data's values)
{p_end}

{com}. 
. 
. *assigning treatments
. *sessiontype 
. *=1, tda, =2 no-tda old tax
. * =3 no tda new tax 
. * =4, tda no education
. * =5 no tda with CA first
. *=6, no tda with CA consumption first
. gen sessiontype=1 if (session==1) | (session==5)
{txt}(9,419 missing values generated)

{com}. replace sessiontype=2 if  (session==2) | (session==4) | (session==6)
{txt}(1,820 real changes made)

{com}. replace sessiontype=3 if  (session==3) | (session==7) | (session==8)
{txt}(1,921 real changes made)

{com}. replace sessiontype=4 if session==9 | session==10
{txt}(1,893 real changes made)

{com}. replace sessiontype=5 if session==11 | session==12
{txt}(1,901 real changes made)

{com}. replace sessiontype=6 if session==13 | session==14
{txt}(1,779 real changes made)

{com}. *assign 0-1 indicator for true/false value
. replace playerMC_answer_3="True" if playerMC_answer_3=="1"
{txt}(6 real changes made)

{com}. replace playerMC_answer_3="False" if playerMC_answer_3=="0"
{txt}(61 real changes made)

{com}. 
. tab sessiontype if subsessionround_number==110

{txt}sessiontype {c |}      Freq.     Percent        Cum.
{hline 12}{c +}{hline 35}
          1 {c |}{res}         31       16.76       16.76
{txt}          2 {c |}{res}         30       16.22       32.97
{txt}          3 {c |}{res}         31       16.76       49.73
{txt}          4 {c |}{res}         33       17.84       67.57
{txt}          5 {c |}{res}         31       16.76       84.32
{txt}          6 {c |}{res}         29       15.68      100.00
{txt}{hline 12}{c +}{hline 35}
      Total {c |}{res}        185      100.00
{txt}
{com}. 
. *generate treatment dummies
. gen t1=(sessiontype==1)
{txt}
{com}. gen t2=(sessiontype==2)
{txt}
{com}. gen t3=(sessiontype==3)
{txt}
{com}. gen t4=(sessiontype==4)
{txt}
{com}. gen t5=(sessiontype==5)
{txt}
{com}. gen t6=(sessiontype==6)
{txt}
{com}. 
. *treatment effects 
. global treatmentlist="t2 t3 t4 t5 t6"
{txt}
{com}. *treatment effects for contribution rate only
. global treatmentlist_ca="t4 t5 t6"
{txt}
{com}. 
. *dummy for whether have a commitment account
. gen ca_yes=0
{txt}
{com}. replace ca_yes=1 if sessiontype==1 | sessiontype==4 | sessiontype==5 | sessiontype==6
{txt}(7,494 real changes made)

{com}. 
. *model predictions
. replace sessiontype=11 if (participant_current_app_name=="tda_model")
{txt}(35 real changes made)

{com}. replace sessiontype=12 if (participant_current_app_name=="oldtax_model")
{txt}(35 real changes made)

{com}. replace sessiontype=13 if (participant_current_app_name=="newtax_model")
{txt}(35 real changes made)

{com}. 
. replace participantid_in_session=1 if sessiontype==11
{txt}(35 real changes made)

{com}. replace participantid_in_session=1 if sessiontype==12
{txt}(35 real changes made)

{com}. replace participantid_in_session=1 if sessiontype==13
{txt}(35 real changes made)

{com}. 
. *assign theory predictions to treatments and models
. *tda
. gen treatment=1 
{txt}
{com}. *non-tda old tax
. replace treatment=2 if (sessiontype==2 | sessiontype==5 | sessiontype==6 | sessiontype==12)
{txt}(5,535 real changes made)

{com}. *non-tda new tax
. replace treatment=3 if (sessiontype==3 | sessiontype==13)
{txt}(1,956 real changes made)

{com}. 
. *id number
. gen id=sessiontype*10000+session*100+participantid_in_session
{txt}
{com}. *assign sequence to model predictions
. replace subsessionsequence=1 if sessiontype>=11
{txt}(105 real changes made)

{com}. gen id_sequence=id*10+subsessionsequence
{txt}
{com}. 
. 
. 
.  
. *generate survey response summary
. * number of corrected crt questions
. gen temp=((playeranswer_1==4)+(playeranswer_2==29)+(playeranswer_3==20)+(playeranswer_4=="lost money in the stock market")) if subsessionround_number==110
{txt}(11,155 missing values generated)

{com}. bysort id: egen crt=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. * number of correct financial literacy questions
. gen temp=((playerMC_answer_1=="More than $102")+(playerMC_answer_2=="Less than today")+(playerMC_answer_3=="False")) if subsessionround_number==110
{txt}(11,155 missing values generated)

{com}. bysort id: egen financialliteracy=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. *number of A choices
. *risk averse indicator
. gen temp=playerrisk_answer_01+playerrisk_answer_02+playerrisk_answer_03+playerrisk_answer_04+playerrisk_answer_05+playerrisk_answer_06/*
> */+playerrisk_answer_07+playerrisk_answer_08+playerrisk_answer_09+playerrisk_answer_10-10 
{txt}(11,155 missing values generated)

{com}. replace temp=10-temp 
{txt}(158 real changes made)

{com}. replace temp=. if subsessionround_number~=110
{txt}(0 real changes made)

{com}. bysort id: egen riskaverse=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. * not monotonic indicator
. gen temp=0 
{txt}
{com}. replace temp=1 if playerrisk_answer_09>playerrisk_answer_10
{txt}(13 real changes made)

{com}. foreach i of numlist 8(-1)1 {c -(}
{txt}  2{com}. replace temp=1 if playerrisk_answer_0`i'>playerrisk_answer_0`=`i'+1'
{txt}  3{com}. {c )-}
{txt}(9 real changes made)
(14 real changes made)
(8 real changes made)
(3 real changes made)
(1 real change made)
(3 real changes made)
(4 real changes made)
(1 real change made)

{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen riskaverse_ab=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. *demographic features
. gen temp=(playergender=="Female")
{txt}
{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen female=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. gen temp=1 /*white*/
{txt}
{com}. replace temp=2 if (playerrace=="African American or Black")
{txt}(1 real change made)

{com}. replace temp=3 if (playerrace=="Hispanic or Latinx")
{txt}(40 real changes made)

{com}. replace temp=4 if (playerrace=="Asian")
{txt}(105 real changes made)

{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen race=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. 
. *for constructing demographic features
. gen temp=(playerrace=="White")
{txt}
{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen race_white=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. gen temp=(playerrace=="Asian")
{txt}
{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen race_asian=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. gen temp=(playerincome=="$0 to $25,000")
{txt}
{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen income_0=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. gen temp=(playerincome=="$25,001 to $50,000")
{txt}
{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen income_25=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. gen temp=((playereducation=="College degree")|(playereducation=="Graduate or professional degree"))
{txt}
{com}. replace temp=. if subsessionround_number~=110
{txt}(11,155 real changes made, 11,155 to missing)

{com}. bysort id: egen education_high=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. gen temp=playerage
{txt}(11,155 missing values generated)

{com}. replace temp=. if subsessionround_number~=110
{txt}(0 real changes made)

{com}. bysort id: egen age=mean(temp)
{txt}(105 missing values generated)

{com}. drop temp
{txt}
{com}. 
. 
. *remove questionaire data sequence
. drop if subsessionround_number==110
{txt}(185 observations deleted)

{com}. 
. 
. *define after tax income
. replace playerafter_tax_income=playertaxable_income-playertax_paid if sessiontype>=11
{txt}(105 real changes made)

{com}. *add capital gains taxes to tax payed
. replace playertax_paid=playertax_paid+playercapital_gains_tax_paid if sessiontype==3
{txt}(1,511 real changes made)

{com}. 
. 
. 
. *change the unit
. *in dollar 
. *cumulative payoff each sequence assuming has not ended
. replace playertotal_payoff=playertotal_payoff/100
{txt}(10,888 real changes made)

{com}. *period payoff 
. replace playerpayoff=playerpayoff/100 
{txt}(9,339 real changes made)

{com}. 
. *in thousand
. replace playerconsumption=playerconsumption/1000
{txt}(11,155 real changes made)

{com}. replace playerbalance_RA=playerbalance_RA/1000
{txt}(10,458 real changes made)

{com}. replace playerbalance_TDA=playerbalance_TDA/1000
{txt}(3,642 real changes made)

{com}. replace playerbalance_CA=playerbalance_CA/1000
{txt}(3,526 real changes made)

{com}. replace playertaxable_income=playertaxable_income /1000
{txt}(11,155 real changes made)

{com}. replace  playertax_paid=playertax_paid/1000
{txt}(11,155 real changes made)

{com}. replace playerafter_tax_income=playerafter_tax_income/1000
{txt}(11,155 real changes made)

{com}. *different variables are used to record contribution amount in T4-T6
. replace playercontributionTDA=0 if playercontributionTDA==.
{txt}(5,675 real changes made)

{com}. replace playercontributionCA=0 if playercontributionCA==.
{txt}(5,675 real changes made)

{com}. replace playercontributionTDA=playercontributionTDA/1000
{txt}variable {bf}playercontributionTDA{sf} was {bf}{res}long{sf}{txt} now {bf}{res}double{sf}
{txt}(1,629 real changes made)

{com}. replace playercontributionCA=playercontributionCA/1000
{txt}(3,045 real changes made)

{com}. replace playercontribution=playercontribution/1000
{txt}variable {bf}playercontribution{sf} was {bf}{res}long{sf}{txt} now {bf}{res}double{sf}
{txt}(1,572 real changes made)

{com}. replace playercontribution=playercontributionTDA if sessiontype==4 
{txt}(1,860 real changes made)

{com}. replace playercontribution=playercontributionCA if sessiontype==5 | sessiontype==6
{txt}(3,620 real changes made)

{com}. replace playercontribution=0 if playercontribution==.
{txt}(70 real changes made)

{com}. 
. replace playerendowment=playerendowment/1000
{txt}(11,155 real changes made)

{com}. 
. 
. *average and mean TDA balance at period 15
. sum playerbalance_TDA if subsessionround_in_sequence==15 & sessiontype==1, d

                     {txt}player.balance_TDA
{hline 61}
      Percentiles      Smallest
 1%    {res}    .0759          .0759
{txt} 5%    {res}  95.5222        62.9637
{txt}10%    {res} 192.7974        82.0073       {txt}Obs         {res}         62
{txt}25%    {res} 379.7925        95.5222       {txt}Sum of Wgt. {res}         62

{txt}50%    {res} 576.3388                      {txt}Mean          {res} 527.4067
                        {txt}Largest       Std. Dev.     {res} 229.4812
{txt}75%    {res} 661.6122       882.8481
{txt}90%    {res} 801.5933       889.6081       {txt}Variance      {res}  52661.6
{txt}95%    {res} 882.8481       1008.059       {txt}Skewness      {res}-.1784821
{txt}99%    {res} 1031.075       1031.075       {txt}Kurtosis      {res} 2.736381
{txt}
{com}. sum playerbalance_TDA if subsessionround_in_sequence==15 & sessiontype==4, d

                     {txt}player.balance_TDA
{hline 61}
      Percentiles      Smallest
 1%    {res}        0              0
{txt} 5%    {res} 211.0103        74.2459
{txt}10%    {res} 240.1824       141.7533       {txt}Obs         {res}         66
{txt}25%    {res} 365.7562       211.0103       {txt}Sum of Wgt. {res}         66

{txt}50%    {res} 498.9541                      {txt}Mean          {res} 512.4455
                        {txt}Largest       Std. Dev.     {res} 214.1424
{txt}75%    {res}  647.324       900.3128
{txt}90%    {res} 828.7032       900.6502       {txt}Variance      {res} 45856.95
{txt}95%    {res} 900.3128       934.5422       {txt}Skewness      {res} .0514836
{txt}99%    {res} 951.9975       951.9975       {txt}Kurtosis      {res} 2.674171
{txt}
{com}. sum playerbalance_CA if subsessionround_in_sequence==15 & sessiontype==5, d

                      {txt}player.balance_CA
{hline 61}
      Percentiles      Smallest
 1%    {res}        0              0
{txt} 5%    {res} 118.4336              0
{txt}10%    {res} 183.0053        94.4551       {txt}Obs         {res}         62
{txt}25%    {res} 306.1054       118.4336       {txt}Sum of Wgt. {res}         62

{txt}50%    {res} 456.9081                      {txt}Mean          {res}  459.234
                        {txt}Largest       Std. Dev.     {res} 199.9686
{txt}75%    {res}   629.07       752.0588
{txt}90%    {res} 700.4211       756.5456       {txt}Variance      {res} 39987.44
{txt}95%    {res} 752.0588       762.9346       {txt}Skewness      {res}-.3146875
{txt}99%    {res} 805.9528       805.9528       {txt}Kurtosis      {res} 2.360288
{txt}
{com}. sum playerbalance_CA if subsessionround_in_sequence==15 & sessiontype==6, d

                      {txt}player.balance_CA
{hline 61}
      Percentiles      Smallest
 1%    {res}   11.172         11.172
{txt} 5%    {res}  36.9796        27.6767
{txt}10%    {res}  46.0846        36.9796       {txt}Obs         {res}         58
{txt}25%    {res} 101.0432        38.1243       {txt}Sum of Wgt. {res}         58

{txt}50%    {res} 193.0316                      {txt}Mean          {res} 264.8867
                        {txt}Largest       Std. Dev.     {res}   214.38
{txt}75%    {res}  405.801       668.4409
{txt}90%    {res} 634.5917       728.6716       {txt}Variance      {res}  45958.8
{txt}95%    {res} 728.6716       806.3952       {txt}Skewness      {res} 1.018247
{txt}99%    {res} 806.3952       806.3952       {txt}Kurtosis      {res} 2.987646
{txt}
{com}. 
. 
. *net worth
. replace playerbalance_TDA=0 if playerbalance_TDA==.
{txt}(70 real changes made)

{com}. replace playerbalance_CA=0 if  playerbalance_CA==.
{txt}(5,675 real changes made)

{com}. 
. gen networth=playerbalance_RA+playerbalance_TDA+playerbalance_CA
{txt}
{com}. 
. *find out CA account usage
. sum playerbalance_CA if subsessionround_in_sequence==15 & sessiontype==5, d

                      {txt}player.balance_CA
{hline 61}
      Percentiles      Smallest
 1%    {res}        0              0
{txt} 5%    {res} 118.4336              0
{txt}10%    {res} 183.0053        94.4551       {txt}Obs         {res}         62
{txt}25%    {res} 306.1054       118.4336       {txt}Sum of Wgt. {res}         62

{txt}50%    {res} 456.9081                      {txt}Mean          {res}  459.234
                        {txt}Largest       Std. Dev.     {res} 199.9686
{txt}75%    {res}   629.07       752.0588
{txt}90%    {res} 700.4211       756.5456       {txt}Variance      {res} 39987.44
{txt}95%    {res} 752.0588       762.9346       {txt}Skewness      {res}-.3146875
{txt}99%    {res} 805.9528       805.9528       {txt}Kurtosis      {res} 2.360288
{txt}
{com}. sum playerbalance_CA if subsessionround_in_sequence==15 & sessiontype==6, d

                      {txt}player.balance_CA
{hline 61}
      Percentiles      Smallest
 1%    {res}   11.172         11.172
{txt} 5%    {res}  36.9796        27.6767
{txt}10%    {res}  46.0846        36.9796       {txt}Obs         {res}         58
{txt}25%    {res} 101.0432        38.1243       {txt}Sum of Wgt. {res}         58

{txt}50%    {res} 193.0316                      {txt}Mean          {res} 264.8867
                        {txt}Largest       Std. Dev.     {res}   214.38
{txt}75%    {res}  405.801       668.4409
{txt}90%    {res} 634.5917       728.6716       {txt}Variance      {res}  45958.8
{txt}95%    {res} 728.6716       806.3952       {txt}Skewness      {res} 1.018247
{txt}99%    {res} 806.3952       806.3952       {txt}Kurtosis      {res} 2.987646
{txt}
{com}. list id if playerbalance_CA==0 & subsessionround_in_sequence==15 & sessiontype==5
{txt}
       {c TLC}{hline 7}{c TRC}
       {c |} {res}   id {txt}{c |}
       {c LT}{hline 7}{c RT}
 8293. {c |} {res}51202 {txt}{c |}
 8294. {c |} {res}51202 {txt}{c |}
       {c BLC}{hline 7}{c BRC}

{com}. list id if playerbalance_CA==0 & subsessionround_in_sequence==15 & sessiontype==6
{txt}
{com}. 
. 
. 
. 
. tsset id_sequence subsessionround_in_sequence
{res}{txt}{col 8}panel variable:  {res}id_sequence (unbalanced)
{txt}{col 9}time variable:  {res}{col 25}subsessionr~e, 1 to 35
{txt}{col 17}delta:  {res}1 unit
{txt}
{com}. *calculate total tax savings from TDA (both contribution and accumulated interests)
. gen playertaxable_income_before=playertaxable_income+playercontribution if (sessiontype==1 | sessiontype==4 | sessiontype==11) & subsessionround_in_sequence==1
{txt}(11,026 missing values generated)

{com}. replace playertaxable_income_before=playertaxable_income+playercontribution+L.playerbalance_TDA*0.1 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & subsessionround_in_sequence>1
{txt}(3,656 real changes made)

{com}. gen playertax_paid_before=. 
{txt}(11,155 missing values generated)

{com}. replace playertax_paid_before=0 if (sessiontype==1 | sessiontype==4 | sessiontype==11)
{txt}(3,785 real changes made)

{com}. replace playertax_paid_before=0.1*(playertaxable_income_before-21) if (sessiontype==1 | sessiontype==4 | sessiontype==11) & playertaxable_income_before>21
{txt}(3,785 real changes made)

{com}. replace playertax_paid_before=0.15*(playertaxable_income_before-39)+1.8 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & playertaxable_income_before>39
{txt}(3,785 real changes made)

{com}. replace playertax_paid_before=0.25*(playertaxable_income_before-96)+10.35 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & playertaxable_income_before>96
{txt}(1,968 real changes made)

{com}. gen tax_exp=.
{txt}(11,155 missing values generated)

{com}. replace tax_exp=playertax_paid_before-playertax_paid
{txt}(3,785 real changes made)

{com}. 
. *calculate tax savings from TDA contribution alone
. gen temp1=playertaxable_income+playercontribution if (sessiontype==1 | sessiontype==4 | sessiontype==11) 
{txt}(7,370 missing values generated)

{com}. gen temp2=. 
{txt}(11,155 missing values generated)

{com}. replace temp2=0 if (sessiontype==1 | sessiontype==4 | sessiontype==11)
{txt}(3,785 real changes made)

{com}. replace temp2=0.1*(temp1-21) if (sessiontype==1 | sessiontype==4 | sessiontype==11) & temp1>21
{txt}(3,785 real changes made)

{com}. replace temp2=0.15*(temp1-39)+1.8 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & temp1>39
{txt}(3,785 real changes made)

{com}. replace temp2=0.25*(temp1-96)+10.35 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & temp1>96
{txt}(862 real changes made)

{com}. gen tdactaxsave=temp2-playertax_paid
{txt}(7,370 missing values generated)

{com}. replace tdactaxsave=0 if tdactaxsave==.
{txt}(7,370 real changes made)

{com}. 
. *total savings
. gen totalsaving=playerafter_tax_income-playerconsumption
{txt}
{com}. replace totalsaving=playercontribution-tdactaxsave+totalsaving if (sessiontype==1 | sessiontype==4 | sessiontype==11) 
{txt}(3,759 real changes made)

{com}. 
. drop temp1 temp2
{txt}
{com}. 
. replace totalsaving=. if subsessionround_in_sequence>15
{txt}(5,560 real changes made, 5,560 to missing)

{com}. 
. *revised after tax income, adding TDA contribution and deducting tax savings on TDA contribution 
. gen revised_after_tax_income=playerafter_tax_income
{txt}
{com}. replace revised_after_tax_income=playerafter_tax_income+playercontribution-tdactaxsave if (sessiontype==1 | sessiontype==4 | sessiontype==11) 
{txt}(3,578 real changes made)

{com}. 
. *contribution rate
. gen contribution2endowment=playercontribution/playerendowment
{txt}
{com}. replace contribution2endowment=. if subsessionround_in_sequence>15
{txt}(5,560 real changes made, 5,560 to missing)

{com}. gen contribution2aftertaxinc=playercontribution/revised_after_tax_income
{txt}
{com}. replace contribution2aftertaxinc=. if subsessionround_in_sequence>15
{txt}(5,560 real changes made, 5,560 to missing)

{com}. replace contribution2endowment=. if (sessiontype==2) |   (sessiontype==3) | (sessiontype==12) | (sessiontype==13)   
{txt}(1,860 real changes made, 1,860 to missing)

{com}. replace contribution2aftertaxinc=. if (sessiontype==2) |   (sessiontype==3) | (sessiontype==12) | (sessiontype==13)   
{txt}(1,860 real changes made, 1,860 to missing)

{com}. *total saving rate
. gen totalsaving2endowment=totalsaving/playerendowment
{txt}(5,560 missing values generated)

{com}. gen totalsaving2aftertaxinc=totalsaving/revised_after_tax_income
{txt}(5,560 missing values generated)

{com}. 
. sum contribution2endowment if sessiontype==5

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
contributi~t {c |}{res}        930    .1616477     .114236          0   1.132347
{txt}
{com}. sum contribution2endowment if sessiontype==6

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
contributi~t {c |}{res}        870      .09413    .0987478          0   .5671279
{txt}
{com}. 
. *generate revised TDA balances b* 
. *assuming subjects pay taxes on TDA contribution and accumulated interests. 
. gen revised_playerbalance_TDA=0
{txt}
{com}. replace revised_playerbalance_TDA=playerbalance_TDA-tax_exp if subsessionround_in_sequence==1 &  (sessiontype==1 | sessiontype==4 | sessiontype==11)
{txt}(121 real changes made)

{com}. foreach i of numlist 2/35{c -(}
{txt}  2{com}. gen temp1=playertaxable_income+playercontribution+L.revised_playerbalance_TDA*0.1 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & subsessionround_in_sequence==`i'
{txt}  3{com}. gen temp2=. 
{txt}  4{com}. replace temp2=0 if (sessiontype==1 | sessiontype==4 | sessiontype==11)
{txt}  5{com}. replace temp2=0.1*(temp1-21) if (sessiontype==1 | sessiontype==4 | sessiontype==11) & temp1>21
{txt}  6{com}. replace temp2=0.15*(temp1-39)+1.8 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & temp1>39
{txt}  7{com}. replace temp2=0.25*(temp1-96)+10.35 if (sessiontype==1 | sessiontype==4 | sessiontype==11) & temp1>96
{txt}  8{com}. replace revised_playerbalance_TDA=L.revised_playerbalance_TD*1.1+playercontribution-(temp2-playertax_paid) if subsessionround_in_sequence==`i' &  (sessiontype==1 | sessiontype==4 | sessiontype==11) & playertaxable_income>0
{txt}  9{com}. drop temp1 temp2
{txt} 10{com}. {c )-}
{txt}(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(0 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(0 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(0 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(55 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(124 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(128 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(129 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(129 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(129 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(129 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(128 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(128 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(125 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(122 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(44 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(33 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(31 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(26 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(20 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(15 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(129 real changes made)
(12 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(127 real changes made)
(13 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(124 real changes made)
(11 real changes made)
(129 real changes made)
(11,026 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,656 to missing)
(119 real changes made)
(10 real changes made)
(129 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,729 to missing)
(43 real changes made)
(5 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,729 to missing)
(42 real changes made)
(6 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,785 real changes made, 3,729 to missing)
(39 real changes made)
(5 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,784 real changes made, 3,729 to missing)
(31 real changes made)
(5 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,784 real changes made, 3,729 to missing)
(29 real changes made)
(5 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,783 real changes made, 3,729 to missing)
(28 real changes made)
(5 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,781 real changes made, 3,729 to missing)
(24 real changes made)
(4 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,778 real changes made, 3,729 to missing)
(19 real changes made)
(3 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,774 real changes made, 3,729 to missing)
(15 real changes made)
(3 real changes made)
(56 real changes made)
(11,099 missing values generated)
(11,155 missing values generated)
(3,785 real changes made)
(3,768 real changes made, 3,729 to missing)
(13 real changes made)
(3 real changes made)
(56 real changes made)

{com}. 
. 
. 
. *ending round for each session
. bysort id_sequence: egen endinground=total(subsessionpaid_round) if  subsessionround_in_sequence>=1 & subsessionround_in_sequence<=35 
{txt}
{com}. 
. 
. 
. 
. *theretical survival rate for each model period (the probabiltiy each period is the last period)
. gen survprob=1
{txt}
{com}. foreach i of numlist 16/35{c -(}
{txt}  2{com}. replace survprob=(0.9)^(`i'-16) if subsessionround_in_sequence==`i'
{txt}  3{com}. {c )-}
{txt}(0 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(373 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)
(183 real changes made)

{com}. 
. sort sessiontype session participantid_in_session subsessionsequence subsessionround_in_sequence
{txt}
{com}. 
. 
. *generate theory predicted consumption levels
. gen temp=playerconsumption if sessiontype>=10
{txt}(11,050 missing values generated)

{com}. bysort treatment subsessionround_in_sequence: egen consumption_theory=mean(temp)
{txt}
{com}. drop temp
{txt}
{com}. *deviation measures
. gen consumption_dev=playerconsumption-consumption_theory
{txt}
{com}. gen con_dev2=(playerconsumption-consumption_theory)^2
{txt}
{com}. gen con_per_dev2=((playerconsumption-consumption_theory)/consumption_theory)^2*100
{txt}
{com}. 
. 
. *5 period average values: 1 periods 1-5, 6 p 6-10, 11 p11-15, 16 p16-20, 21 p21-25 26 p25-30, 31 p31-35
. global varlist periodlist="1 6 11 16 21"
{txt}
{com}. foreach i of numlist 1(5)31{c -(}
{txt}  2{com}. bysort id_sequence : egen mse`i'=mean(con_dev2) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  3{com}. bysort id_sequence : egen mspe`i'=mean(con_per_dev2) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  4{com}. bysort id_sequence : egen con`i'=mean(playerconsumption) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  5{com}. bysort id_sequence : egen networth`i'=mean(networth) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  6{com}. {c )-}
{txt}(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(10240 missing values generated)
(10240 missing values generated)
(10240 missing values generated)
(10240 missing values generated)
(10240 missing values generated)
(10240 missing values generated)
(10240 missing values generated)
(10240 missing values generated)

{com}. 
. *first 25 period average values
. bysort id_sequence : egen mse25=mean(con_dev2) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=25
{txt}(1830 missing values generated)

{com}. bysort id_sequence : egen mspe25=mean(con_per_dev2) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=25
{txt}(1830 missing values generated)

{com}. bysort id_sequence : egen con25=mean(playerconsumption) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=25
{txt}(1830 missing values generated)

{com}. bysort id_sequence : egen networth25=mean(networth) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=25
{txt}(1830 missing values generated)

{com}. 
. *five period average
. foreach i of numlist 1(5)11{c -(}
{txt}  2{com}. bysort id_sequence : egen totalsaving2endowment`i'=mean(totalsaving2endowment) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  3{com}. bysort id_sequence : egen totalsaving2aftertaxinc`i'=mean(totalsaving2aftertaxinc) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  4{com}. bysort id_sequence : egen contribution2endowment`i'=mean(contribution2endowment) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  5{com}. bysort id_sequence : egen contribution2aftertaxinc`i'=mean(contribution2aftertaxinc) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  6{com}. bysort id_sequence : egen after_tax_income`i'=mean(playerafter_tax_income) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  7{com}. bysort id_sequence : egen tax_paid`i'=mean(playertax_paid) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  8{com}. bysort id_sequence : egen revised_after_tax_income`i'=mean(revised_after_tax_income) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  9{com}. bysort id_sequence : egen tax_paid_2_endowment`i'=mean(playertax_paid/playerendowment) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt} 10{com}. 
. {c )-}
{txt}(9290 missing values generated)
(9290 missing values generated)
(9910 missing values generated)
(9910 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9910 missing values generated)
(9910 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9910 missing values generated)
(9910 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)

{com}. 
. 
. *average of first 15 periods
. 
. bysort id_sequence : egen totalsaving2endowment15=mean(totalsaving2endowment) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=15
{txt}(5560 missing values generated)

{com}. bysort id_sequence : egen totalsaving2aftertaxinc15=mean(totalsaving2aftertaxinc) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=15
{txt}(5560 missing values generated)

{com}. bysort id_sequence : egen contribution2endowment15=mean(contribution2endowment) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=15
{txt}(7420 missing values generated)

{com}. bysort id_sequence : egen contribution2aftertaxinc15=mean(contribution2aftertaxinc) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=15
{txt}(7420 missing values generated)

{com}. 
. 
. *maximum number of rounds with decision data
. bysort id_sequence: egen maxround=max(subsessionround_in_sequence) 
{txt}
{com}. 
. * 35 period average for the subsample with valid data for all 35 periods
. bysort id_sequence : egen mse35=mean(con_dev2) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=35 & maxround==35
{txt}(4750 missing values generated)

{com}. bysort id_sequence : egen mspe35=mean(con_per_dev2) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=35 & maxround==35
{txt}(4750 missing values generated)

{com}. bysort id_sequence : egen con35=mean(playerconsumption) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=35 & maxround==35
{txt}(4750 missing values generated)

{com}. bysort id_sequence : egen networth35=mean(networth) if subsessionround_in_sequence>=1 & subsessionround_in_sequence<=35 & maxround==35
{txt}(4750 missing values generated)

{com}. 
. *define per period payoff for model 
. tsset id_sequence subsessionround_in_sequence
{res}{txt}{col 8}panel variable:  {res}id_sequence (unbalanced)
{txt}{col 9}time variable:  {res}{col 25}subsessionr~e, 1 to 35
{txt}{col 17}delta:  {res}1 unit
{txt}
{com}. foreach j of numlist 11/13{c -(}
{txt}  2{com}.         replace playerpayoff= playertotal_payoff if  subsessionround_in_sequence==1 & sessiontype==`j'
{txt}  3{com}.         foreach i of numlist 2/35{c -(}
{txt}  4{com}.         replace playerpayoff= playertotal_payoff-L.playertotal_payoff if  subsessionround_in_sequence==`i'       &  sessiontype==`j'
{txt}  5{com}.         {c )-}
{txt}  6{com}. {c )-}
{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{com}. 
. *total payoff for 5 periods weighted by survival prob
. foreach i of numlist 1(5)31{c -(}
{txt}  2{com}. bysort id_sequence : egen payoff`i'=total(playerpayoff*survprob) if subsessionround_in_sequence>=`i' & subsessionround_in_sequence<`=`i'+5'
{txt}  3{com}. {c )-}
{txt}(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(9290 missing values generated)
(10240 missing values generated)
(10240 missing values generated)

{com}. 
. *payoff from the first 25 periods (only)
. bysort id_sequence: egen payoff24=total(playerpayoff*survprob) if  subsessionround_in_sequence>=1 & subsessionround_in_sequence<=25
{txt}(1830 missing values generated)

{com}. *lifetime utility, add the average payoff for the last 10 periods for subjects who end at period 25
. bysort id_sequence: egen payoff25=total(playerpayoff*survprob) if  subsessionround_in_sequence>=1 & subsessionround_in_sequence<=35
{txt}
{com}. foreach i of numlist 1/6{c -(}
{txt}  2{com}.         sum payoff26 if sessiontype==`i'
{txt}  3{com}.         replace payoff25=payoff25+r(mean) if sessiontype==`i' & maxround==25
{txt}  4{com}.         sum payoff31 if sessiontype==`i'
{txt}  5{com}.         replace payoff25=payoff25+r(mean) if sessiontype==`i' & maxround==25
{txt}  6{com}.         
. {c )-}

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}        170    .4788219    .5568726          0   1.371599
{txt}(700 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}        170     .266992    .3487131          0    .820096
{txt}(700 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}        145    .1903992    .3518328          0   1.216548
{txt}(775 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}        145    .0770029    .1884192          0   .7463621
{txt}(775 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}        170    .2347241    .3629577          0   1.249508
{txt}(700 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}        170    .1019676    .1996723          0   .7552443
{txt}(700 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}        105    .8040726    .5030871          0   1.389303
{txt}(1,125 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}        105    .3634875    .3241622          0   .8397722
{txt}(1,125 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}        160    .6996194    .5484086          0   1.418668
{txt}(750 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}        160    .3273345     .321036          0   .8216602
{txt}(750 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}        150    .4046826    .4382182          0    1.34934
{txt}(700 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}        150    .1780253    .2673797          0   .7967718
{txt}(700 real changes made)

{com}. 
. 
. *=============================
. *control variables
. *=============================
. gen subsessionsequence2=(subsessionsequence==2)
{txt}
{com}. global control="crt financialliteracy riskaverse female subsessionsequence2"
{txt}
{com}. 
. 
. *summary statistics
. local varlist="female crt financialliteracy riskaverse participantpayoff"
{txt}
{com}. estpost summ `varlist' if subsessionround_in_sequence==1 & (sessiontype<10) & subsessionsequence==1, d

{txt}{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(count)}{space 1}{space 1}{ralign 9:e(sum_w)}{space 1}{space 1}{ralign 9:e(mean)}{space 1}{space 1}{ralign 9:e(Var)}{space 1}{space 1}{ralign 9:e(sd)}{space 1}{space 1}{ralign 9:e(skewn~)}{space 1}{space 1}{ralign 9:e(kurto~)}{space 1}{space 1}{ralign 9:e(sum)}{space 1}{space 1}{ralign 9:e(min)}{space 1}{space 1}{ralign 9:e(max)}{space 1}{space 1}{ralign 9:e(p1)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .5459459}}}{space 1}{space 1}{ralign 9:{res:{sf: .2492362}}}{space 1}{space 1}{ralign 9:{res:{sf: .4992356}}}{space 1}{space 1}{ralign 9:{res:{sf:-.1845647}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.034064}}}{space 1}{space 1}{ralign 9:{res:{sf:      101}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.545946}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.597062}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.263749}}}{space 1}{space 1}{ralign 9:{res:{sf:-.4924886}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.188123}}}{space 1}{space 1}{ralign 9:{res:{sf:      471}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.421622}}}{space 1}{space 1}{ralign 9:{res:{sf: .6364865}}}{space 1}{space 1}{ralign 9:{res:{sf:  .797801}}}{space 1}{space 1}{ralign 9:{res:{sf:-1.287807}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.960408}}}{space 1}{space 1}{ralign 9:{res:{sf:      448}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.145946}}}{space 1}{space 1}{ralign 9:{res:{sf:  5.95141}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.439551}}}{space 1}{space 1}{ralign 9:{res:{sf:-.3412002}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.117849}}}{space 1}{space 1}{ralign 9:{res:{sf:     1137}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 1507.701}}}{space 1}{space 1}{ralign 9:{res:{sf: 137620.8}}}{space 1}{space 1}{ralign 9:{res:{sf: 370.9728}}}{space 1}{space 1}{ralign 9:{res:{sf: .2879826}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.711265}}}{space 1}{space 1}{ralign 9:{res:{sf: 278924.7}}}{space 1}{space 1}{ralign 9:{res:{sf:    522.6}}}{space 1}{space 1}{ralign 9:{res:{sf:   2716.2}}}{space 1}{space 1}{ralign 9:{res:{sf:    589.2}}}{space 1}

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(p5)}{space 1}{space 1}{ralign 9:e(p10)}{space 1}{space 1}{ralign 9:e(p25)}{space 1}{space 1}{ralign 9:e(p50)}{space 1}{space 1}{ralign 9:e(p75)}{space 1}{space 1}{ralign 9:e(p90)}{space 1}{space 1}{ralign 9:e(p95)}{space 1}{space 1}{ralign 9:e(p99)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        5}}}{space 1}{space 1}{ralign 9:{res:{sf:        6}}}{space 1}{space 1}{ralign 9:{res:{sf:        8}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:    894.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   1092.2}}}{space 1}{space 1}{ralign 9:{res:{sf:   1292.1}}}{space 1}{space 1}{ralign 9:{res:{sf:   1472.5}}}{space 1}{space 1}{ralign 9:{res:{sf:   1728.4}}}{space 1}{space 1}{ralign 9:{res:{sf:   1953.1}}}{space 1}{space 1}{ralign 9:{res:{sf:   2140.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   2651.7}}}{space 1}

{com}. estout using "output/summary.xls",  cells("count mean sd p10 p25 p50 p75 p90") title("all") replace 
{res}{txt}(output written to {browse  `"output/summary.xls"'})

{com}. 
. foreach i of numlist 1/6{c -(}
{txt}  2{com}. estpost summ `varlist' if subsessionround_in_sequence==1 & sessiontype==`i' & subsessionsequence==1, d
{txt}  3{com}. estout using "output/summary.xls",  cells("count mean sd p10 p25 p50 p75 p90") title("T`i'") append
{txt}  4{com}. {c )-}

{txt}{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(count)}{space 1}{space 1}{ralign 9:e(sum_w)}{space 1}{space 1}{ralign 9:e(mean)}{space 1}{space 1}{ralign 9:e(Var)}{space 1}{space 1}{ralign 9:e(sd)}{space 1}{space 1}{ralign 9:e(skewn~)}{space 1}{space 1}{ralign 9:e(kurto~)}{space 1}{space 1}{ralign 9:e(sum)}{space 1}{space 1}{ralign 9:e(min)}{space 1}{space 1}{ralign 9:e(max)}{space 1}{space 1}{ralign 9:e(p1)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf:  .516129}}}{space 1}{space 1}{ralign 9:{res:{sf: .2580645}}}{space 1}{space 1}{ralign 9:{res:{sf: .5080005}}}{space 1}{space 1}{ralign 9:{res:{sf:-.0645497}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.004167}}}{space 1}{space 1}{ralign 9:{res:{sf:       16}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.612903}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.578495}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.256382}}}{space 1}{space 1}{ralign 9:{res:{sf:-.5674037}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.229922}}}{space 1}{space 1}{ralign 9:{res:{sf:       81}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.290323}}}{space 1}{space 1}{ralign 9:{res:{sf: .8129032}}}{space 1}{space 1}{ralign 9:{res:{sf: .9016115}}}{space 1}{space 1}{ralign 9:{res:{sf:-1.155747}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.517238}}}{space 1}{space 1}{ralign 9:{res:{sf:       71}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.322581}}}{space 1}{space 1}{ralign 9:{res:{sf:  6.35914}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.521733}}}{space 1}{space 1}{ralign 9:{res:{sf:-.3204606}}}{space 1}{space 1}{ralign 9:{res:{sf:  2.80594}}}{space 1}{space 1}{ralign 9:{res:{sf:      196}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf:       31}}}{space 1}{space 1}{ralign 9:{res:{sf: 1588.981}}}{space 1}{space 1}{ralign 9:{res:{sf: 217523.4}}}{space 1}{space 1}{ralign 9:{res:{sf:  466.394}}}{space 1}{space 1}{ralign 9:{res:{sf:  .629635}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.125867}}}{space 1}{space 1}{ralign 9:{res:{sf:  49258.4}}}{space 1}{space 1}{ralign 9:{res:{sf:    840.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   2716.2}}}{space 1}{space 1}{ralign 9:{res:{sf:    840.3}}}{space 1}

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(p5)}{space 1}{space 1}{ralign 9:e(p10)}{space 1}{space 1}{ralign 9:e(p25)}{space 1}{space 1}{ralign 9:e(p50)}{space 1}{space 1}{ralign 9:e(p75)}{space 1}{space 1}{ralign 9:e(p90)}{space 1}{space 1}{ralign 9:e(p95)}{space 1}{space 1}{ralign 9:e(p99)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        5}}}{space 1}{space 1}{ralign 9:{res:{sf:        7}}}{space 1}{space 1}{ralign 9:{res:{sf:        8}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      921}}}{space 1}{space 1}{ralign 9:{res:{sf:   1013.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   1213.6}}}{space 1}{space 1}{ralign 9:{res:{sf:   1544.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   1860.4}}}{space 1}{space 1}{ralign 9:{res:{sf:   2234.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   2651.7}}}{space 1}{space 1}{ralign 9:{res:{sf:   2716.2}}}{space 1}
{res}{txt}(output written to {browse  `"output/summary.xls"'})

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(count)}{space 1}{space 1}{ralign 9:e(sum_w)}{space 1}{space 1}{ralign 9:e(mean)}{space 1}{space 1}{ralign 9:e(Var)}{space 1}{space 1}{ralign 9:e(sd)}{space 1}{space 1}{ralign 9:e(skewn~)}{space 1}{space 1}{ralign 9:e(kurto~)}{space 1}{space 1}{ralign 9:e(sum)}{space 1}{space 1}{ralign 9:e(min)}{space 1}{space 1}{ralign 9:e(max)}{space 1}{space 1}{ralign 9:e(p1)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf: .4666667}}}{space 1}{space 1}{ralign 9:{res:{sf: .2574713}}}{space 1}{space 1}{ralign 9:{res:{sf: .5074163}}}{space 1}{space 1}{ralign 9:{res:{sf: .1336306}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.017857}}}{space 1}{space 1}{ralign 9:{res:{sf:       14}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.433333}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.702299}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.304722}}}{space 1}{space 1}{ralign 9:{res:{sf:-.5624407}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.364233}}}{space 1}{space 1}{ralign 9:{res:{sf:       73}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:      2.4}}}{space 1}{space 1}{ralign 9:{res:{sf:       .8}}}{space 1}{space 1}{ralign 9:{res:{sf: .8944272}}}{space 1}{space 1}{ralign 9:{res:{sf:-1.458685}}}{space 1}{space 1}{ralign 9:{res:{sf: 4.268133}}}{space 1}{space 1}{ralign 9:{res:{sf:       72}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.933333}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.064368}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.462594}}}{space 1}{space 1}{ralign 9:{res:{sf:-.5561598}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.352338}}}{space 1}{space 1}{ralign 9:{res:{sf:      208}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf: 1502.173}}}{space 1}{space 1}{ralign 9:{res:{sf:  68774.2}}}{space 1}{space 1}{ralign 9:{res:{sf: 262.2484}}}{space 1}{space 1}{ralign 9:{res:{sf: .0480134}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.615547}}}{space 1}{space 1}{ralign 9:{res:{sf:  45065.2}}}{space 1}{space 1}{ralign 9:{res:{sf:    894.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   1993.3}}}{space 1}{space 1}{ralign 9:{res:{sf:    894.3}}}{space 1}

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(p5)}{space 1}{space 1}{ralign 9:e(p10)}{space 1}{space 1}{ralign 9:e(p25)}{space 1}{space 1}{ralign 9:e(p50)}{space 1}{space 1}{ralign 9:e(p75)}{space 1}{space 1}{ralign 9:e(p90)}{space 1}{space 1}{ralign 9:e(p95)}{space 1}{space 1}{ralign 9:e(p99)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
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{res}{txt}(output written to {browse  `"output/summary.xls"'})

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{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
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{res}{txt}(output written to {browse  `"output/summary.xls"'})

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{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
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{res}{txt}(output written to {browse  `"output/summary.xls"'})

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{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
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{res}{txt}(output written to {browse  `"output/summary.xls"'})

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(count)}{space 1}{space 1}{ralign 9:e(sum_w)}{space 1}{space 1}{ralign 9:e(mean)}{space 1}{space 1}{ralign 9:e(Var)}{space 1}{space 1}{ralign 9:e(sd)}{space 1}{space 1}{ralign 9:e(skewn~)}{space 1}{space 1}{ralign 9:e(kurto~)}{space 1}{space 1}{ralign 9:e(sum)}{space 1}{space 1}{ralign 9:e(min)}{space 1}{space 1}{ralign 9:e(max)}{space 1}{space 1}{ralign 9:e(p1)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf: .5862069}}}{space 1}{space 1}{ralign 9:{res:{sf: .2512315}}}{space 1}{space 1}{ralign 9:{res:{sf:   .50123}}}{space 1}{space 1}{ralign 9:{res:{sf:  -.35007}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.122549}}}{space 1}{space 1}{ralign 9:{res:{sf:       17}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.068966}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.637931}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.279817}}}{space 1}{space 1}{ralign 9:{res:{sf:-.3380753}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.013956}}}{space 1}{space 1}{ralign 9:{res:{sf:       60}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.344828}}}{space 1}{space 1}{ralign 9:{res:{sf:  .591133}}}{space 1}{space 1}{ralign 9:{res:{sf: .7688517}}}{space 1}{space 1}{ralign 9:{res:{sf:-1.144512}}}{space 1}{space 1}{ralign 9:{res:{sf: 4.183542}}}{space 1}{space 1}{ralign 9:{res:{sf:       68}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.034483}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.105911}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.471014}}}{space 1}{space 1}{ralign 9:{res:{sf: .0609783}}}{space 1}{space 1}{ralign 9:{res:{sf:  2.15327}}}{space 1}{space 1}{ralign 9:{res:{sf:      175}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}{space 1}{ralign 9:{res:{sf: 1527.376}}}{space 1}{space 1}{ralign 9:{res:{sf: 148147.3}}}{space 1}{space 1}{ralign 9:{res:{sf: 384.8991}}}{space 1}{space 1}{ralign 9:{res:{sf: .4019427}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.114965}}}{space 1}{space 1}{ralign 9:{res:{sf:  44293.9}}}{space 1}{space 1}{ralign 9:{res:{sf:    743.6}}}{space 1}{space 1}{ralign 9:{res:{sf:   2477.5}}}{space 1}{space 1}{ralign 9:{res:{sf:    743.6}}}{space 1}

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(p5)}{space 1}{space 1}{ralign 9:e(p10)}{space 1}{space 1}{ralign 9:e(p25)}{space 1}{space 1}{ralign 9:e(p50)}{space 1}{space 1}{ralign 9:e(p75)}{space 1}{space 1}{ralign 9:e(p90)}{space 1}{space 1}{ralign 9:e(p95)}{space 1}{space 1}{ralign 9:e(p99)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        6}}}{space 1}{space 1}{ralign 9:{res:{sf:        8}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:    922.7}}}{space 1}{space 1}{ralign 9:{res:{sf:   1114.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   1318.6}}}{space 1}{space 1}{ralign 9:{res:{sf:   1490.2}}}{space 1}{space 1}{ralign 9:{res:{sf:   1743.9}}}{space 1}{space 1}{ralign 9:{res:{sf:   2016.9}}}{space 1}{space 1}{ralign 9:{res:{sf:   2261.5}}}{space 1}{space 1}{ralign 9:{res:{sf:   2477.5}}}{space 1}
{res}{txt}(output written to {browse  `"output/summary.xls"'})

{com}. 
. 
. * more summary statistics about demographic variables
. 
. local varlist2="female age race_white race_asian income_0 income_25 education_high crt financialliteracy riskaverse participantpayoff"
{txt}
{com}. 
. estpost summ `varlist2' if subsessionround_in_sequence==1 & sessiontype<10 & subsessionsequence==1, d

{txt}{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(count)}{space 1}{space 1}{ralign 9:e(sum_w)}{space 1}{space 1}{ralign 9:e(mean)}{space 1}{space 1}{ralign 9:e(Var)}{space 1}{space 1}{ralign 9:e(sd)}{space 1}{space 1}{ralign 9:e(skewn~)}{space 1}{space 1}{ralign 9:e(kurto~)}{space 1}{space 1}{ralign 9:e(sum)}{space 1}{space 1}{ralign 9:e(min)}{space 1}{space 1}{ralign 9:e(max)}{space 1}{space 1}{ralign 9:e(p1)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .5459459}}}{space 1}{space 1}{ralign 9:{res:{sf: .2492362}}}{space 1}{space 1}{ralign 9:{res:{sf: .4992356}}}{space 1}{space 1}{ralign 9:{res:{sf:-.1845647}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.034064}}}{space 1}{space 1}{ralign 9:{res:{sf:      101}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:age}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 21.08108}}}{space 1}{space 1}{ralign 9:{res:{sf: 5.792303}}}{space 1}{space 1}{ralign 9:{res:{sf:  2.40672}}}{space 1}{space 1}{ralign 9:{res:{sf:  1.59558}}}{space 1}{space 1}{ralign 9:{res:{sf: 7.645827}}}{space 1}{space 1}{ralign 9:{res:{sf:     3900}}}{space 1}{space 1}{ralign 9:{res:{sf:       18}}}{space 1}{space 1}{ralign 9:{res:{sf:       34}}}{space 1}{space 1}{ralign 9:{res:{sf:       18}}}{space 1}
{space 0}{space 0}{ralign 12:race_white}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .1621622}}}{space 1}{space 1}{ralign 9:{res:{sf:  .136604}}}{space 1}{space 1}{ralign 9:{res:{sf: .3695998}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.833089}}}{space 1}{space 1}{ralign 9:{res:{sf: 4.360215}}}{space 1}{space 1}{ralign 9:{res:{sf:       30}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:race_asian}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .5675676}}}{space 1}{space 1}{ralign 9:{res:{sf: .2467685}}}{space 1}{space 1}{ralign 9:{res:{sf:  .496758}}}{space 1}{space 1}{ralign 9:{res:{sf:-.2727724}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.074405}}}{space 1}{space 1}{ralign 9:{res:{sf:      105}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:income_0}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .8324324}}}{space 1}{space 1}{ralign 9:{res:{sf: .1402468}}}{space 1}{space 1}{ralign 9:{res:{sf: .3744954}}}{space 1}{space 1}{ralign 9:{res:{sf: -1.78018}}}{space 1}{space 1}{ralign 9:{res:{sf: 4.169041}}}{space 1}{space 1}{ralign 9:{res:{sf:      154}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:income_25}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .0702703}}}{space 1}{space 1}{ralign 9:{res:{sf: .0656874}}}{space 1}{space 1}{ralign 9:{res:{sf: .2562956}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.362492}}}{space 1}{space 1}{ralign 9:{res:{sf: 12.30635}}}{space 1}{space 1}{ralign 9:{res:{sf:       13}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:education_~h}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: .2594595}}}{space 1}{space 1}{ralign 9:{res:{sf: .1931845}}}{space 1}{space 1}{ralign 9:{res:{sf: .4395276}}}{space 1}{space 1}{ralign 9:{res:{sf: 1.097512}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.204532}}}{space 1}{space 1}{ralign 9:{res:{sf:       48}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
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{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.421622}}}{space 1}{space 1}{ralign 9:{res:{sf: .6364865}}}{space 1}{space 1}{ralign 9:{res:{sf:  .797801}}}{space 1}{space 1}{ralign 9:{res:{sf:-1.287807}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.960408}}}{space 1}{space 1}{ralign 9:{res:{sf:      448}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 6.145946}}}{space 1}{space 1}{ralign 9:{res:{sf:  5.95141}}}{space 1}{space 1}{ralign 9:{res:{sf: 2.439551}}}{space 1}{space 1}{ralign 9:{res:{sf:-.3412002}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.117849}}}{space 1}{space 1}{ralign 9:{res:{sf:     1137}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf:      185}}}{space 1}{space 1}{ralign 9:{res:{sf: 1507.701}}}{space 1}{space 1}{ralign 9:{res:{sf: 137620.8}}}{space 1}{space 1}{ralign 9:{res:{sf: 370.9728}}}{space 1}{space 1}{ralign 9:{res:{sf: .2879826}}}{space 1}{space 1}{ralign 9:{res:{sf: 3.711265}}}{space 1}{space 1}{ralign 9:{res:{sf: 278924.7}}}{space 1}{space 1}{ralign 9:{res:{sf:    522.6}}}{space 1}{space 1}{ralign 9:{res:{sf:   2716.2}}}{space 1}{space 1}{ralign 9:{res:{sf:    589.2}}}{space 1}

{space 0}{space 0}{ralign 12:}{space 1}{c |}{space 1}{ralign 9:e(p5)}{space 1}{space 1}{ralign 9:e(p10)}{space 1}{space 1}{ralign 9:e(p25)}{space 1}{space 1}{ralign 9:e(p50)}{space 1}{space 1}{ralign 9:e(p75)}{space 1}{space 1}{ralign 9:e(p90)}{space 1}{space 1}{ralign 9:e(p95)}{space 1}{space 1}{ralign 9:e(p99)}{space 1}
{space 0}{hline 13}{c   +}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}{hline 11}
{space 0}{space 0}{ralign 12:female}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
{space 0}{space 0}{ralign 12:age}{space 1}{c |}{space 1}{ralign 9:{res:{sf:       18}}}{space 1}{space 1}{ralign 9:{res:{sf:       18}}}{space 1}{space 1}{ralign 9:{res:{sf:       20}}}{space 1}{space 1}{ralign 9:{res:{sf:       21}}}{space 1}{space 1}{ralign 9:{res:{sf:       22}}}{space 1}{space 1}{ralign 9:{res:{sf:       24}}}{space 1}{space 1}{ralign 9:{res:{sf:       25}}}{space 1}{space 1}{ralign 9:{res:{sf:       29}}}{space 1}
{space 0}{space 0}{ralign 12:race_white}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
{space 0}{space 0}{ralign 12:race_asian}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
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{space 0}{space 0}{ralign 12:income_25}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}
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{space 0}{space 0}{ralign 12:crt}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        0}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}
{space 0}{space 0}{ralign 12:financiall~y}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        1}}}{space 1}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}{space 1}{ralign 9:{res:{sf:        3}}}{space 1}
{space 0}{space 0}{ralign 12:riskaverse}{space 1}{c |}{space 1}{ralign 9:{res:{sf:        2}}}{space 1}{space 1}{ralign 9:{res:{sf:        4}}}{space 1}{space 1}{ralign 9:{res:{sf:        5}}}{space 1}{space 1}{ralign 9:{res:{sf:        6}}}{space 1}{space 1}{ralign 9:{res:{sf:        8}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}{space 1}{ralign 9:{res:{sf:       10}}}{space 1}
{space 0}{space 0}{ralign 12:participan~f}{space 1}{c |}{space 1}{ralign 9:{res:{sf:    894.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   1092.2}}}{space 1}{space 1}{ralign 9:{res:{sf:   1292.1}}}{space 1}{space 1}{ralign 9:{res:{sf:   1472.5}}}{space 1}{space 1}{ralign 9:{res:{sf:   1728.4}}}{space 1}{space 1}{ralign 9:{res:{sf:   1953.1}}}{space 1}{space 1}{ralign 9:{res:{sf:   2140.3}}}{space 1}{space 1}{ralign 9:{res:{sf:   2651.7}}}{space 1}

{com}. estout using "output/summary.xls",  cells("count mean sd p10 p25 p50 p75 p90") title("all alternative statistics") append
{res}{txt}(output written to {browse  `"output/summary.xls"'})

{com}. 
. *level difference across treatments and statistical significance for control variables
. 
. local varlist="female crt financialliteracy riskaverse participantpayoff"
{txt}
{com}. 
. foreach stub of local varlist{c -(}
{txt}  2{com}. reg `stub'  $treatmentlist  if subsessionround_in_sequence==1 & subsessionsequence==1 & sessiontype<10, robust
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar pvalue`m'`k' r(p)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. est store `stub'
{txt} 11{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       185
                                                {txt}F(5, 179)         =  {res}     0.92
                                                {txt}Prob > F          = {res}    0.4672
                                                {txt}R-squared         = {res}    0.0242
                                                {txt}Root MSE          =    {res} .49999

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t2 {c |}{col 14}{res}{space 2}-.0494624{col 26}{space 2} .1300021{col 37}{space 1}   -0.38{col 46}{space 3}0.704{col 54}{space 4}-.3059962{col 67}{space 3} .2070715
{txt}{space 10}t3 {c |}{col 14}{res}{space 2} .1612903{col 26}{space 2} .1249462{col 37}{space 1}    1.29{col 46}{space 3}0.198{col 54}{space 4}-.0852667{col 67}{space 3} .4078473
{txt}{space 10}t4 {c |}{col 14}{res}{space 2}-.0615836{col 26}{space 2} .1268509{col 37}{space 1}   -0.49{col 46}{space 3}0.628{col 54}{space 4}-.3118991{col 67}{space 3}  .188732
{txt}{space 10}t5 {c |}{col 14}{res}{space 2} .0645161{col 26}{space 2} .1282348{col 37}{space 1}    0.50{col 46}{space 3}0.616{col 54}{space 4}-.1885303{col 67}{space 3} .3175626
{txt}{space 10}t6 {c |}{col 14}{res}{space 2} .0700779{col 26}{space 2} .1302726{col 37}{space 1}    0.54{col 46}{space 3}0.591{col 54}{space 4}-.1869898{col 67}{space 3} .3271456
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .516129{col 26}{space 2} .0912478{col 37}{space 1}    5.66{col 46}{space 3}0.000{col 54}{space 4} .3360692{col 67}{space 3} .6961888
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2107527{col 26}{space 2} .1259356{col 37}{space 1}    1.67{col 46}{space 3}0.096{col 54}{space 4}-.0377567{col 67}{space 3} .4592621
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.21075269

{txt}added scalar:
           e(pvalue32) =  {res}.09597637

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0121212{col 26}{space 2} .1278255{col 37}{space 1}   -0.09{col 46}{space 3}0.925{col 54}{space 4}-.2643601{col 67}{space 3} .2401176
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.01212121

{txt}added scalar:
           e(pvalue42) =  {res}.92455893

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1139785{col 26}{space 2}  .129199{col 37}{space 1}    0.88{col 46}{space 3}0.379{col 54}{space 4}-.1409707{col 67}{space 3} .3689277
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.11397849

{txt}added scalar:
           e(pvalue52) =  {res}.37885557

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1195402{col 26}{space 2} .1312219{col 37}{space 1}    0.91{col 46}{space 3}0.364{col 54}{space 4}-.1394006{col 67}{space 3} .3784811
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.11954023

{txt}added scalar:
           e(pvalue62) =  {res}.36353218

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2228739{col 26}{space 2}   .12268{col 37}{space 1}   -1.82{col 46}{space 3}0.071{col 54}{space 4} -.464959{col 67}{space 3} .0192112
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.2228739

{txt}added scalar:
           e(pvalue43) =  {res}.07093428

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0967742{col 26}{space 2} .1241104{col 37}{space 1}   -0.78{col 46}{space 3}0.437{col 54}{space 4} -.341682{col 67}{space 3} .1481336
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.09677419

{txt}added scalar:
           e(pvalue53) =  {res}.43657216

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0912125{col 26}{space 2} .1262149{col 37}{space 1}   -0.72{col 46}{space 3}0.471{col 54}{space 4}-.3402729{col 67}{space 3}  .157848
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.09121246

{txt}added scalar:
           e(pvalue63) =  {res}.47082206

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1260997{col 26}{space 2} .1260277{col 37}{space 1}    1.00{col 46}{space 3}0.318{col 54}{space 4}-.1225915{col 67}{space 3} .3747909
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.12609971

{txt}added scalar:
           e(pvalue54) =  {res}.31838494

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1316614{col 26}{space 2} .1281007{col 37}{space 1}    1.03{col 46}{space 3}0.305{col 54}{space 4}-.1211203{col 67}{space 3} .3844432
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.13166144

{txt}added scalar:
           e(pvalue64) =  {res}.30543236

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      female{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0055617{col 26}{space 2} .1294713{col 37}{space 1}    0.04{col 46}{space 3}0.966{col 54}{space 4}-.2499246{col 67}{space 3} .2610481
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.00556174

{txt}added scalar:
           e(pvalue65) =  {res}.96578345

{txt}Linear regression                               Number of obs     = {res}       185
                                                {txt}F(5, 179)         =  {res}     1.62
                                                {txt}Prob > F          = {res}    0.1577
                                                {txt}R-squared         = {res}    0.0422
                                                {txt}Root MSE          =    {res}  1.254

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t2 {c |}{col 14}{res}{space 2}-.1795699{col 26}{space 2} .3280531{col 37}{space 1}   -0.55{col 46}{space 3}0.585{col 54}{space 4}-.8269188{col 67}{space 3}  .467779
{txt}{space 10}t3 {c |}{col 14}{res}{space 2} .3225806{col 26}{space 2} .3097725{col 37}{space 1}    1.04{col 46}{space 3}0.299{col 54}{space 4}-.2886952{col 67}{space 3} .9338565
{txt}{space 10}t4 {c |}{col 14}{res}{space 2}-.0977517{col 26}{space 2} .3200115{col 37}{space 1}   -0.31{col 46}{space 3}0.760{col 54}{space 4}-.7292321{col 67}{space 3} .5337286
{txt}{space 10}t5 {c |}{col 14}{res}{space 2} .0645161{col 26}{space 2} .3113365{col 37}{space 1}    0.21{col 46}{space 3}0.836{col 54}{space 4}-.5498458{col 67}{space 3} .6788781
{txt}{space 10}t6 {c |}{col 14}{res}{space 2}-.5439377{col 26}{space 2} .3275501{col 37}{space 1}   -1.66{col 46}{space 3}0.099{col 54}{space 4}-1.190294{col 67}{space 3} .1024186
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 2.612903{col 26}{space 2} .2256731{col 37}{space 1}   11.58{col 46}{space 3}0.000{col 54}{space 4} 2.167581{col 67}{space 3} 3.058225
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5021505{col 26}{space 2} .3189375{col 37}{space 1}    1.57{col 46}{space 3}0.117{col 54}{space 4}-.1272105{col 67}{space 3} 1.131512
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.50215054

{txt}added scalar:
           e(pvalue32) =  {res}.11714967

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0818182{col 26}{space 2} .3288912{col 37}{space 1}    0.25{col 46}{space 3}0.804{col 54}{space 4}-.5671847{col 67}{space 3}  .730821
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.08181818

{txt}added scalar:
           e(pvalue42) =  {res}.8038241

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .244086{col 26}{space 2} .3204567{col 37}{space 1}    0.76{col 46}{space 3}0.447{col 54}{space 4} -.388273{col 67}{space 3}  .876445
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.24408602

{txt}added scalar:
           e(pvalue52) =  {res}.44725236

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3643678{col 26}{space 2} .3362308{col 37}{space 1}   -1.08{col 46}{space 3}0.280{col 54}{space 4}-1.027854{col 67}{space 3} .2991183
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.36436782

{txt}added scalar:
           e(pvalue62) =  {res}.27996263

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4203324{col 26}{space 2}   .31066{col 37}{space 1}   -1.35{col 46}{space 3}0.178{col 54}{space 4}-1.033359{col 67}{space 3} .1926947
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.42033236

{txt}added scalar:
           e(pvalue43) =  {res}.17775239

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2580645{col 26}{space 2} .3017163{col 37}{space 1}   -0.86{col 46}{space 3}0.394{col 54}{space 4}-.8534429{col 67}{space 3} .3373138
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.25806452

{txt}added scalar:
           e(pvalue53) =  {res}.39351639

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.8665184{col 26}{space 2} .3184201{col 37}{space 1}   -2.72{col 46}{space 3}0.007{col 54}{space 4}-1.494858{col 67}{space 3}-.2381783
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.86651835

{txt}added scalar:
           e(pvalue63) =  {res}.00714464

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1622678{col 26}{space 2} .3122195{col 37}{space 1}    0.52{col 46}{space 3}0.604{col 54}{space 4}-.4538366{col 67}{space 3} .7783723
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.16226784

{txt}added scalar:
           e(pvalue54) =  {res}.60389835

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.446186{col 26}{space 2} .3283895{col 37}{space 1}   -1.36{col 46}{space 3}0.176{col 54}{space 4}-1.094199{col 67}{space 3} .2018268
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.446186

{txt}added scalar:
           e(pvalue64) =  {res}.1759483

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}         crt{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6084538{col 26}{space 2} .3199418{col 37}{space 1}   -1.90{col 46}{space 3}0.059{col 54}{space 4}-1.239797{col 67}{space 3}  .022889
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.60845384

{txt}added scalar:
           e(pvalue65) =  {res}.05880812

{txt}Linear regression                               Number of obs     = {res}       185
                                                {txt}F(5, 179)         =  {res}     0.51
                                                {txt}Prob > F          = {res}    0.7682
                                                {txt}R-squared         = {res}    0.0134
                                                {txt}Root MSE          =    {res} .80344

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t2 {c |}{col 14}{res}{space 2} .1096774{col 26}{space 2} .2299331{col 37}{space 1}    0.48{col 46}{space 3}0.634{col 54}{space 4}-.3440509{col 67}{space 3} .5634057
{txt}{space 10}t3 {c |}{col 14}{res}{space 2} .1612903{col 26}{space 2} .2225773{col 37}{space 1}    0.72{col 46}{space 3}0.470{col 54}{space 4}-.2779227{col 67}{space 3} .6005034
{txt}{space 10}t4 {c |}{col 14}{res}{space 2} .1642229{col 26}{space 2} .1992153{col 37}{space 1}    0.82{col 46}{space 3}0.411{col 54}{space 4}-.2288897{col 67}{space 3} .5573354
{txt}{space 10}t5 {c |}{col 14}{res}{space 2} .2903226{col 26}{space 2} .2072417{col 37}{space 1}    1.40{col 46}{space 3}0.163{col 54}{space 4}-.1186286{col 67}{space 3} .6992737
{txt}{space 10}t6 {c |}{col 14}{res}{space 2}  .054505{col 26}{space 2} .2157965{col 37}{space 1}    0.25{col 46}{space 3}0.801{col 54}{space 4}-.3713273{col 67}{space 3} .4803373
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 2.290323{col 26}{space 2} .1619488{col 37}{space 1}   14.14{col 46}{space 3}0.000{col 54}{space 4} 1.970748{col 67}{space 3} 2.609897
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0516129{col 26}{space 2} .2235064{col 37}{space 1}    0.23{col 46}{space 3}0.818{col 54}{space 4}-.3894334{col 67}{space 3} .4926592
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.0516129

{txt}added scalar:
           e(pvalue32) =  {res}.81763785

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0545455{col 26}{space 2} .2002527{col 37}{space 1}    0.27{col 46}{space 3}0.786{col 54}{space 4}-.3406143{col 67}{space 3} .4497052
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.05454545

{txt}added scalar:
           e(pvalue42) =  {res}.7856414

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1806452{col 26}{space 2} .2082392{col 37}{space 1}    0.87{col 46}{space 3}0.387{col 54}{space 4}-.2302743{col 67}{space 3} .5915646
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.18064516

{txt}added scalar:
           e(pvalue52) =  {res}.38683563

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0551724{col 26}{space 2} .2167546{col 37}{space 1}   -0.25{col 46}{space 3}0.799{col 54}{space 4}-.4828954{col 67}{space 3} .3725505
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.05517241

{txt}added scalar:
           e(pvalue62) =  {res}.79937163

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0029326{col 26}{space 2} .1917617{col 37}{space 1}    0.02{col 46}{space 3}0.988{col 54}{space 4}-.3754719{col 67}{space 3}  .381337
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.00293255

{txt}added scalar:
           e(pvalue43) =  {res}.98781571

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1290323{col 26}{space 2} .2000874{col 37}{space 1}    0.64{col 46}{space 3}0.520{col 54}{space 4}-.2658013{col 67}{space 3} .5238658
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.12903226

{txt}added scalar:
           e(pvalue53) =  {res}.5198309

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1067853{col 26}{space 2} .2089353{col 37}{space 1}   -0.51{col 46}{space 3}0.610{col 54}{space 4}-.5190785{col 67}{space 3} .3055078
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.10678532

{txt}added scalar:
           e(pvalue63) =  {res}.60991591

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1260997{col 26}{space 2} .1737268{col 37}{space 1}    0.73{col 46}{space 3}0.469{col 54}{space 4}-.2167164{col 67}{space 3} .4689158
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.12609971

{txt}added scalar:
           e(pvalue54) =  {res}.46887843

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1097179{col 26}{space 2} .1838478{col 37}{space 1}   -0.60{col 46}{space 3}0.551{col 54}{space 4}-.4725057{col 67}{space 3}   .25307
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.10971787

{txt}added scalar:
           e(pvalue64) =  {res}.55140403

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}financiall~y{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2358176{col 26}{space 2}  .192516{col 37}{space 1}   -1.22{col 46}{space 3}0.222{col 54}{space 4}-.6157104{col 67}{space 3} .1440753
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.23581758

{txt}added scalar:
           e(pvalue65) =  {res}.22221313

{txt}Linear regression                               Number of obs     = {res}       185
                                                {txt}F(5, 179)         =  {res}     1.46
                                                {txt}Prob > F          = {res}    0.2053
                                                {txt}R-squared         = {res}    0.0397
                                                {txt}Root MSE          =    {res} 2.4238

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t2 {c |}{col 14}{res}{space 2} .6107527{col 26}{space 2} .6380657{col 37}{space 1}    0.96{col 46}{space 3}0.340{col 54}{space 4}-.6483459{col 67}{space 3} 1.869851
{txt}{space 10}t3 {c |}{col 14}{res}{space 2}-.1612903{col 26}{space 2} .6178629{col 37}{space 1}   -0.26{col 46}{space 3}0.794{col 54}{space 4}-1.380522{col 67}{space 3} 1.057942
{txt}{space 10}t4 {c |}{col 14}{res}{space 2} -1.01955{col 26}{space 2} .6185587{col 37}{space 1}   -1.65{col 46}{space 3}0.101{col 54}{space 4}-2.240155{col 67}{space 3} .2010548
{txt}{space 10}t5 {c |}{col 14}{res}{space 2}-.1290323{col 26}{space 2} .6166826{col 37}{space 1}   -0.21{col 46}{space 3}0.835{col 54}{space 4}-1.345935{col 67}{space 3} 1.087871
{txt}{space 10}t6 {c |}{col 14}{res}{space 2}-.2880979{col 26}{space 2} .6444168{col 37}{space 1}   -0.45{col 46}{space 3}0.655{col 54}{space 4}-1.559729{col 67}{space 3} .9835333
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 6.322581{col 26}{space 2} .4529575{col 37}{space 1}   13.96{col 46}{space 3}0.000{col 54}{space 4} 5.428757{col 67}{space 3} 7.216404
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.772043{col 26}{space 2} .6152572{col 37}{space 1}   -1.25{col 46}{space 3}0.211{col 54}{space 4}-1.986133{col 67}{space 3} .4420473
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.77204301

{txt}added scalar:
           e(pvalue32) =  {res}.21117645

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.630303{col 26}{space 2} .6159559{col 37}{space 1}   -2.65{col 46}{space 3}0.009{col 54}{space 4}-2.845772{col 67}{space 3}-.4148339
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-1.630303

{txt}added scalar:
           e(pvalue42) =  {res}.00885047

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7397849{col 26}{space 2} .6140719{col 37}{space 1}   -1.20{col 46}{space 3}0.230{col 54}{space 4}-1.951536{col 67}{space 3} .4719665
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.73978495

{txt}added scalar:
           e(pvalue52) =  {res}.22990168

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.8988506{col 26}{space 2} .6419189{col 37}{space 1}   -1.40{col 46}{space 3}0.163{col 54}{space 4}-2.165553{col 67}{space 3} .3678515
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.89885057

{txt}added scalar:
           e(pvalue62) =  {res}.16316771

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  -.85826{col 26}{space 2} .5950028{col 37}{space 1}   -1.44{col 46}{space 3}0.151{col 54}{space 4}-2.032382{col 67}{space 3} .3158622
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.85826002

{txt}added scalar:
           e(pvalue43) =  {res}.15092378

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0322581{col 26}{space 2} .5930522{col 37}{space 1}    0.05{col 46}{space 3}0.957{col 54}{space 4}-1.138015{col 67}{space 3} 1.202531
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.03225806

{txt}added scalar:
           e(pvalue53) =  {res}.95668248

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1268076{col 26}{space 2} .6218412{col 37}{space 1}   -0.20{col 46}{space 3}0.839{col 54}{space 4} -1.35389{col 67}{space 3} 1.100275
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.12680756

{txt}added scalar:
           e(pvalue63) =  {res}.83864554

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8905181{col 26}{space 2} .5937771{col 37}{space 1}    1.50{col 46}{space 3}0.135{col 54}{space 4}-.2811855{col 67}{space 3} 2.062222
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.89051808

{txt}added scalar:
           e(pvalue54) =  {res}.13544046

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .7314525{col 26}{space 2} .6225326{col 37}{space 1}    1.17{col 46}{space 3}0.242{col 54}{space 4}-.4969944{col 67}{space 3} 1.959899
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.73145246

{txt}added scalar:
           e(pvalue64) =  {res}.2415703

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  riskaverse{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1590656{col 26}{space 2} .6206685{col 37}{space 1}   -0.26{col 46}{space 3}0.798{col 54}{space 4}-1.383834{col 67}{space 3} 1.065703
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.15906563

{txt}added scalar:
           e(pvalue65) =  {res}.79802807

{txt}Linear regression                               Number of obs     = {res}       185
                                                {txt}F(5, 179)         =  {res}     0.44
                                                {txt}Prob > F          = {res}    0.8183
                                                {txt}R-squared         = {res}    0.0161
                                                {txt}Root MSE          =    {res} 373.08

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t2 {c |}{col 14}{res}{space 2}-86.80731{col 26}{space 2}  96.4805{col 37}{space 1}   -0.90{col 46}{space 3}0.369{col 54}{space 4}-277.1928{col 67}{space 3} 103.5782
{txt}{space 10}t3 {c |}{col 14}{res}{space 2}-66.49677{col 26}{space 2} 93.36992{col 37}{space 1}   -0.71{col 46}{space 3}0.477{col 54}{space 4}-250.7441{col 67}{space 3} 117.7506
{txt}{space 10}t4 {c |}{col 14}{res}{space 2}-143.1988{col 26}{space 2} 111.6112{col 37}{space 1}   -1.28{col 46}{space 3}0.201{col 54}{space 4}-363.4418{col 67}{space 3} 77.04417
{txt}{space 10}t5 {c |}{col 14}{res}{space 2}-124.4839{col 26}{space 2} 111.0178{col 37}{space 1}   -1.12{col 46}{space 3}0.264{col 54}{space 4} -343.556{col 67}{space 3} 94.58821
{txt}{space 10}t6 {c |}{col 14}{res}{space 2}-61.60478{col 26}{space 2}  110.072{col 37}{space 1}   -0.56{col 46}{space 3}0.576{col 54}{space 4}-278.8105{col 67}{space 3}  155.601
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 1588.981{col 26}{space 2} 83.77439{col 37}{space 1}   18.97{col 46}{space 3}0.000{col 54}{space 4} 1423.668{col 67}{space 3} 1754.293
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 20.31054{col 26}{space 2} 63.16749{col 37}{space 1}    0.32{col 46}{space 3}0.748{col 54}{space 4}-104.3382{col 67}{space 3} 144.9593
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}20.310538

{txt}added scalar:
           e(pvalue32) =  {res}.74818039

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-56.39152{col 26}{space 2} 87.91616{col 37}{space 1}   -0.64{col 46}{space 3}0.522{col 54}{space 4} -229.877{col 67}{space 3} 117.0939
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-56.391515

{txt}added scalar:
           e(pvalue42) =  {res}.52206786

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-37.67656{col 26}{space 2} 87.16162{col 37}{space 1}   -0.43{col 46}{space 3}0.666{col 54}{space 4}-209.6731{col 67}{space 3} 134.3199
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-37.676559

{txt}added scalar:
           e(pvalue52) =  {res}.6660721

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 25.20253{col 26}{space 2} 85.95372{col 37}{space 1}    0.29{col 46}{space 3}0.770{col 54}{space 4}-144.4104{col 67}{space 3} 194.8155
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}25.202529

{txt}added scalar:
           e(pvalue62) =  {res}.76970096

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-76.70205{col 26}{space 2} 84.49086{col 37}{space 1}   -0.91{col 46}{space 3}0.365{col 54}{space 4}-243.4283{col 67}{space 3} 90.02422
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-76.702053

{txt}added scalar:
           e(pvalue43) =  {res}.36519664

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -57.9871{col 26}{space 2} 83.70545{col 37}{space 1}   -0.69{col 46}{space 3}0.489{col 54}{space 4}-223.1635{col 67}{space 3} 107.1893
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-57.987097

{txt}added scalar:
           e(pvalue53) =  {res}.48936314

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.891991{col 26}{space 2} 82.44693{col 37}{space 1}    0.06{col 46}{space 3}0.953{col 54}{space 4} -157.801{col 67}{space 3}  167.585
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}4.8919911

{txt}added scalar:
           e(pvalue63) =  {res}.95275145

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.71496{col 26}{space 2} 103.6616{col 37}{space 1}    0.18{col 46}{space 3}0.857{col 54}{space 4} -185.841{col 67}{space 3} 223.2709
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}18.714956

{txt}added scalar:
           e(pvalue54) =  {res}.85693369

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 81.59404{col 26}{space 2}  102.648{col 37}{space 1}    0.79{col 46}{space 3}0.428{col 54}{space 4}-120.9619{col 67}{space 3} 284.1499
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}81.594044

{txt}added scalar:
           e(pvalue64) =  {res}.4277293

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}participan~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 62.87909{col 26}{space 2} 102.0025{col 37}{space 1}    0.62{col 46}{space 3}0.538{col 54}{space 4} -138.403{col 67}{space 3} 264.1612
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}62.879088

{txt}added scalar:
           e(pvalue65) =  {res}.5383831
{txt}
{com}. 
. esttab `varlist' using "output/summary_diff.csv", /*
> */  keep($treatmentlist)  replace  cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 pvalue32 diff42 pvalue42 diff52 pvalue52 diff62 pvalue62 diff43 pvalue43 diff53 pvalue53 diff63 pvalue63 diff54 pvalue54 diff64 pvalue64 diff65 pvalue65 , fmt(%10.4f %9.0g) labels(R-squared))  collabels(none) title("difference")
{res}{txt}(output written to {browse  `"output/summary_diff.csv"'})

{com}. 
. 
. *=============================
. *regression analysis
. *the number of regressions are more than that reported in the paper.
. *regressions used to construct tables reported in the paper and appendix are noted
. *each regression result includes 
. *the estimated coefficient const and t2-t6
. *the treatment difference diffxx and sdxx
. *the difference in theory predictions mean21 mean31 mean32
. *=============================
. 
. *mean squared percent errors 
. est clear
{txt}
{com}. foreach i of numlist 1 (5)21 25 26 31 35{c -(}
{txt}  2{com}. reg mspe`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. est store mspe`i'
{txt} 11{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     1.92
                                                {txt}Prob > F          = {res}    0.0445
                                                {txt}R-squared         = {res}    0.0661
                                                {txt}Root MSE          =    {res} 1.6094

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mspe1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .3530359{col 33}{space 2} .3162313{col 44}{space 1}    1.12{col 53}{space 3}0.266{col 61}{space 4}-.2708696{col 74}{space 3} .9769414
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .3217583{col 33}{space 2} .3621214{col 44}{space 1}    0.89{col 53}{space 3}0.375{col 61}{space 4}-.3926857{col 74}{space 3} 1.036202
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.4097769{col 33}{space 2} .3383845{col 44}{space 1}   -1.21{col 53}{space 3}0.227{col 61}{space 4}-1.077389{col 74}{space 3} .2578355
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0749163{col 33}{space 2} .3252505{col 44}{space 1}    0.23{col 53}{space 3}0.818{col 61}{space 4}-.5667836{col 74}{space 3} .7166162
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .1964672{col 33}{space 2} .3444512{col 44}{space 1}    0.57{col 53}{space 3}0.569{col 61}{space 4}-.4831145{col 74}{space 3}  .876049
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0742818{col 33}{space 2} .0882128{col 44}{space 1}    0.84{col 53}{space 3}0.401{col 61}{space 4}-.0997569{col 74}{space 3} .2483205
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0838465{col 33}{space 2} .1209521{col 44}{space 1}    0.69{col 53}{space 3}0.489{col 61}{space 4}-.1547848{col 74}{space 3} .3224779
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0763788{col 33}{space 2}  .045689{col 44}{space 1}   -1.67{col 53}{space 3}0.096{col 61}{space 4}-.1665204{col 74}{space 3} .0137628
{txt}{space 13}female {c |}{col 21}{res}{space 2} -.412065{col 33}{space 2} .2073917{col 44}{space 1}   -1.99{col 53}{space 3}0.048{col 61}{space 4}-.8212365{col 74}{space 3}-.0028936
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.2614124{col 33}{space 2} .1318124{col 44}{space 1}   -1.98{col 53}{space 3}0.049{col 61}{space 4}-.5214704{col 74}{space 3}-.0013543
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 2.569377{col 33}{space 2}  .523583{col 44}{space 1}    4.91{col 53}{space 3}0.000{col 61}{space 4} 1.536379{col 74}{space 3} 3.602375
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0312776{col 26}{space 2} .3546946{col 37}{space 1}   -0.09{col 46}{space 3}0.930{col 54}{space 4}-.7310689{col 67}{space 3} .6685137
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.03127759

{txt}added scalar:
               e(sd32) =  {res}.35469457

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7628129{col 26}{space 2} .3256861{col 37}{space 1}   -2.34{col 46}{space 3}0.020{col 54}{space 4}-1.405372{col 67}{space 3}-.1202536
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.76281287

{txt}added scalar:
               e(sd42) =  {res}.3256861

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2781196{col 26}{space 2} .3158268{col 37}{space 1}   -0.88{col 46}{space 3}0.380{col 54}{space 4} -.901227{col 67}{space 3} .3449878
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.27811961

{txt}added scalar:
               e(sd52) =  {res}.31582676

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1565687{col 26}{space 2} .3307412{col 37}{space 1}   -0.47{col 46}{space 3}0.636{col 54}{space 4}-.8091014{col 67}{space 3}  .495964
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.1565687

{txt}added scalar:
               e(sd62) =  {res}.3307412

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7315353{col 26}{space 2} .3733468{col 37}{space 1}   -1.96{col 46}{space 3}0.052{col 54}{space 4}-1.468126{col 67}{space 3} .0050557
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.73153529

{txt}added scalar:
               e(sd43) =  {res}.37334676

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.246842{col 26}{space 2} .3675559{col 37}{space 1}   -0.67{col 46}{space 3}0.503{col 54}{space 4}-.9720079{col 67}{space 3} .4783239
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.24684203

{txt}added scalar:
               e(sd53) =  {res}.36755589

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1252911{col 26}{space 2} .3662949{col 37}{space 1}   -0.34{col 46}{space 3}0.733{col 54}{space 4}-.8479692{col 67}{space 3}  .597387
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.12529111

{txt}added scalar:
               e(sd63) =  {res}.36629492

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4846933{col 26}{space 2} .3265108{col 37}{space 1}    1.48{col 46}{space 3}0.139{col 54}{space 4}-.1594931{col 67}{space 3}  1.12888
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.48469326

{txt}added scalar:
               e(sd54) =  {res}.32651076

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6062442{col 26}{space 2} .3372662{col 37}{space 1}    1.80{col 46}{space 3}0.074{col 54}{space 4} -.059162{col 67}{space 3}  1.27165
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.60624418

{txt}added scalar:
               e(sd64) =  {res}.33726619

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1215509{col 26}{space 2} .3322729{col 37}{space 1}    0.37{col 46}{space 3}0.715{col 54}{space 4}-.5340037{col 67}{space 3} .7771056
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.12155092

{txt}added scalar:
               e(sd65) =  {res}.33227289

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     4.29
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1277
                                                {txt}Root MSE          =    {res} 9.6581

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mspe6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 9.559744{col 33}{space 2} 2.466848{col 44}{space 1}    3.88{col 53}{space 3}0.000{col 61}{space 4} 4.692799{col 74}{space 3} 14.42669
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 7.017335{col 33}{space 2} 1.556025{col 44}{space 1}    4.51{col 53}{space 3}0.000{col 61}{space 4} 3.947389{col 74}{space 3} 10.08728
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.437278{col 33}{space 2} 1.178199{col 44}{space 1}    1.22{col 53}{space 3}0.224{col 61}{space 4}-.8872387{col 74}{space 3} 3.761795
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 1.209493{col 33}{space 2} .6306664{col 44}{space 1}    1.92{col 53}{space 3}0.057{col 61}{space 4}-.0347739{col 74}{space 3} 2.453761
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}  1.19638{col 33}{space 2} .6170904{col 44}{space 1}    1.94{col 53}{space 3}0.054{col 61}{space 4}-.0211031{col 74}{space 3} 2.413862
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.6447312{col 33}{space 2} .4635723{col 44}{space 1}   -1.39{col 53}{space 3}0.166{col 61}{space 4}-1.559332{col 74}{space 3} .2698695
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .4743776{col 33}{space 2} .6712464{col 44}{space 1}    0.71{col 53}{space 3}0.481{col 61}{space 4}-.8499516{col 74}{space 3} 1.798707
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}  .101671{col 33}{space 2}  .233323{col 44}{space 1}    0.44{col 53}{space 3}0.664{col 61}{space 4}-.3586615{col 74}{space 3} .5620034
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.308391{col 33}{space 2} 1.226596{col 44}{space 1}   -1.07{col 53}{space 3}0.288{col 61}{space 4}-3.728393{col 74}{space 3}  1.11161
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1466179{col 33}{space 2} .9167017{col 44}{space 1}    0.16{col 53}{space 3}0.873{col 61}{space 4} -1.66198{col 74}{space 3} 1.955216
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 3.005916{col 33}{space 2} 2.005315{col 44}{space 1}    1.50{col 53}{space 3}0.136{col 61}{space 4}-.9504517{col 74}{space 3} 6.962284
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.542409{col 26}{space 2} 2.750208{col 37}{space 1}   -0.92{col 46}{space 3}0.356{col 54}{space 4}-7.968407{col 67}{space 3} 2.883589
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-2.5424093

{txt}added scalar:
               e(sd32) =  {res}2.7502085

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-8.122466{col 26}{space 2} 2.755722{col 37}{space 1}   -2.95{col 46}{space 3}0.004{col 54}{space 4}-13.55934{col 67}{space 3} -2.68559
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-8.1224658

{txt}added scalar:
               e(sd42) =  {res}2.7557223

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-8.350251{col 26}{space 2} 2.525108{col 37}{space 1}   -3.31{col 46}{space 3}0.001{col 54}{space 4}-13.33214{col 67}{space 3}-3.368363
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-8.3502508

{txt}added scalar:
               e(sd52) =  {res}2.5251078

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-8.363364{col 26}{space 2}  2.56818{col 37}{space 1}   -3.26{col 46}{space 3}0.001{col 54}{space 4}-13.43023{col 67}{space 3}-3.296498
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-8.3633645

{txt}added scalar:
               e(sd62) =  {res}2.5681801

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-5.580056{col 26}{space 2} 1.842722{col 37}{space 1}   -3.03{col 46}{space 3}0.003{col 54}{space 4}-9.215638{col 67}{space 3}-1.944475
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-5.5800565

{txt}added scalar:
               e(sd43) =  {res}1.842722

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-5.807841{col 26}{space 2} 1.637987{col 37}{space 1}   -3.55{col 46}{space 3}0.000{col 54}{space 4}-9.039492{col 67}{space 3}-2.576191
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-5.8078414

{txt}added scalar:
               e(sd53) =  {res}1.6379866

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-5.820955{col 26}{space 2} 1.618928{col 37}{space 1}   -3.60{col 46}{space 3}0.000{col 54}{space 4}-9.015004{col 67}{space 3}-2.626906
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-5.8209551

{txt}added scalar:
               e(sd63) =  {res}1.618928

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2277849{col 26}{space 2}  1.17666{col 37}{space 1}   -0.19{col 46}{space 3}0.847{col 54}{space 4}-2.549266{col 67}{space 3} 2.093696
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.22778492

{txt}added scalar:
               e(sd54) =  {res}1.1766604

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2408986{col 26}{space 2} 1.207537{col 37}{space 1}   -0.20{col 46}{space 3}0.842{col 54}{space 4}-2.623298{col 67}{space 3} 2.141501
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.24089863

{txt}added scalar:
               e(sd64) =  {res}1.2075374

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mspe6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0131137{col 26}{space 2} .6675244{col 37}{space 1}   -0.02{col 46}{space 3}0.984{col 54}{space 4}  -1.3301{col 67}{space 3} 1.303872
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.01311371

{txt}added scalar:
               e(sd65) =  {res}.66752439

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.24
                                                {txt}Prob > F          = {res}    0.0176
                                                {txt}R-squared         = {res}    0.0601
                                                {txt}Root MSE          =    {res} 7.5076

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 3.270052{col 33}{space 2}  1.78351{col 44}{space 1}    1.83{col 53}{space 3}0.068{col 61}{space 4} -.248708{col 74}{space 3} 6.788812
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 2.949578{col 33}{space 2} 1.264497{col 44}{space 1}    2.33{col 53}{space 3}0.021{col 61}{space 4} .4548011{col 74}{space 3} 5.444355
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 2.186014{col 33}{space 2} 1.405892{col 44}{space 1}    1.55{col 53}{space 3}0.122{col 61}{space 4}-.5877268{col 74}{space 3} 4.959754
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 1.167133{col 33}{space 2}  .840794{col 44}{space 1}    1.39{col 53}{space 3}0.167{col 61}{space 4} -.491704{col 74}{space 3} 2.825969
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.6861477{col 33}{space 2}  .861172{col 44}{space 1}   -0.80{col 53}{space 3}0.427{col 61}{space 4}-2.385189{col 74}{space 3} 1.012893
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.1875527{col 33}{space 2} .3103362{col 44}{space 1}   -0.60{col 53}{space 3}0.546{col 61}{space 4}-.7998276{col 74}{space 3} .4247223
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.1121809{col 33}{space 2} .4999341{col 44}{space 1}   -0.22{col 53}{space 3}0.823{col 61}{space 4}-1.098521{col 74}{space 3} .8741594
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .2682498{col 33}{space 2} .1954063{col 44}{space 1}    1.37{col 53}{space 3}0.171{col 61}{space 4}-.1172753{col 74}{space 3} .6537749
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.695924{col 33}{space 2} .9958329{col 44}{space 1}   -1.70{col 53}{space 3}0.090{col 61}{space 4}-3.660643{col 74}{space 3} .2687952
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-1.077003{col 33}{space 2} .6680334{col 44}{space 1}   -1.61{col 53}{space 3}0.109{col 61}{space 4}-2.394993{col 74}{space 3} .2409875
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 4.457937{col 33}{space 2}  2.01319{col 44}{space 1}    2.21{col 53}{space 3}0.028{col 61}{space 4} .4860323{col 74}{space 3} 8.429843
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3204741{col 26}{space 2} 2.100783{col 37}{space 1}   -0.15{col 46}{space 3}0.879{col 54}{space 4}-4.465195{col 67}{space 3} 3.824246
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.32047413

{txt}added scalar:
               e(sd32) =  {res}2.1007833

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.084038{col 26}{space 2} 2.043017{col 37}{space 1}   -0.53{col 46}{space 3}0.596{col 54}{space 4}-5.114789{col 67}{space 3} 2.946712
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-1.0840381

{txt}added scalar:
               e(sd42) =  {res}2.0430168

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.102919{col 26}{space 2} 1.797654{col 37}{space 1}   -1.17{col 46}{space 3}0.244{col 54}{space 4}-5.649584{col 67}{space 3} 1.443746
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-2.1029195

{txt}added scalar:
               e(sd52) =  {res}1.7976543

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  -3.9562{col 26}{space 2} 1.780667{col 37}{space 1}   -2.22{col 46}{space 3}0.028{col 54}{space 4}-7.469349{col 67}{space 3}-.4430499
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-3.9561997

{txt}added scalar:
               e(sd62) =  {res}1.7806668

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.763564{col 26}{space 2} 1.677456{col 37}{space 1}   -0.46{col 46}{space 3}0.650{col 54}{space 4}-4.073084{col 67}{space 3} 2.545956
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.76356401

{txt}added scalar:
               e(sd43) =  {res}1.6774555

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.782445{col 26}{space 2} 1.292566{col 37}{space 1}   -1.38{col 46}{space 3}0.170{col 54}{space 4}-4.332601{col 67}{space 3} .7677105
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.7824453

{txt}added scalar:
               e(sd53) =  {res}1.292566

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.635726{col 26}{space 2} 1.293521{col 37}{space 1}   -2.81{col 46}{space 3}0.005{col 54}{space 4}-6.187765{col 67}{space 3}-1.083686
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-3.6357255

{txt}added scalar:
               e(sd63) =  {res}1.2935208

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.018881{col 26}{space 2} 1.431003{col 37}{space 1}   -0.71{col 46}{space 3}0.477{col 54}{space 4}-3.842165{col 67}{space 3} 1.804403
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.0188813

{txt}added scalar:
               e(sd54) =  {res}1.431003

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.872162{col 26}{space 2} 1.444468{col 37}{space 1}   -1.99{col 46}{space 3}0.048{col 54}{space 4}-5.722011{col 67}{space 3}-.0223126
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2.8721615

{txt}added scalar:
               e(sd64) =  {res}1.4444677

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.85328{col 26}{space 2} .8904406{col 37}{space 1}   -2.08{col 46}{space 3}0.039{col 54}{space 4}-3.610067{col 67}{space 3}-.0964939
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.8532802

{txt}added scalar:
               e(sd65) =  {res}.89044059

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     3.47
                                                {txt}Prob > F          = {res}    0.0003
                                                {txt}R-squared         = {res}    0.0718
                                                {txt}Root MSE          =    {res} 104.91

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe16{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-24.40157{col 33}{space 2} 7.275738{col 44}{space 1}   -3.35{col 53}{space 3}0.001{col 61}{space 4}-38.75617{col 74}{space 3}-10.04697
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-23.40054{col 33}{space 2} 7.211341{col 44}{space 1}   -3.24{col 53}{space 3}0.001{col 61}{space 4}-37.62809{col 74}{space 3}-9.172995
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 13.38369{col 33}{space 2}  18.1125{col 44}{space 1}    0.74{col 53}{space 3}0.461{col 61}{space 4}-22.35119{col 74}{space 3} 49.11857
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 47.71672{col 33}{space 2} 34.75291{col 44}{space 1}    1.37{col 53}{space 3}0.171{col 61}{space 4} -20.8487{col 74}{space 3} 116.2821
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-17.29437{col 33}{space 2} 8.012869{col 44}{space 1}   -2.16{col 53}{space 3}0.032{col 61}{space 4}-33.10329{col 74}{space 3}-1.485457
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-2.789994{col 33}{space 2} 3.007823{col 44}{space 1}   -0.93{col 53}{space 3}0.355{col 61}{space 4}-8.724251{col 74}{space 3} 3.144262
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-7.774754{col 33}{space 2} 6.566188{col 44}{space 1}   -1.18{col 53}{space 3}0.238{col 61}{space 4}-20.72945{col 74}{space 3} 5.179945
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-4.080186{col 33}{space 2} 3.544109{col 44}{space 1}   -1.15{col 53}{space 3}0.251{col 61}{space 4} -11.0725{col 74}{space 3}  2.91213
{txt}{space 13}female {c |}{col 21}{res}{space 2}  3.85982{col 33}{space 2} 11.91583{col 44}{space 1}    0.32{col 53}{space 3}0.746{col 61}{space 4}-19.64941{col 74}{space 3} 27.36905
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 4.313325{col 33}{space 2} 7.057112{col 44}{space 1}    0.61{col 53}{space 3}0.542{col 61}{space 4}-9.609937{col 74}{space 3} 18.23659
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 82.92389{col 33}{space 2} 33.10925{col 44}{space 1}    2.50{col 53}{space 3}0.013{col 61}{space 4}  17.6013{col 74}{space 3} 148.2465
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.00103{col 26}{space 2} 5.600486{col 37}{space 1}    0.18{col 46}{space 3}0.858{col 54}{space 4} -10.0484{col 67}{space 3} 12.05046
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}1.0010296

{txt}added scalar:
               e(sd32) =  {res}5.6004861

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 37.78526{col 26}{space 2}  15.5962{col 37}{space 1}    2.42{col 46}{space 3}0.016{col 54}{space 4} 7.014889{col 67}{space 3} 68.55564
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}37.785264

{txt}added scalar:
               e(sd42) =  {res}15.5962

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 72.11829{col 26}{space 2} 33.16566{col 37}{space 1}    2.17{col 46}{space 3}0.031{col 54}{space 4} 6.684421{col 67}{space 3} 137.5522
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}72.118288

{txt}added scalar:
               e(sd52) =  {res}33.165656

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.107201{col 26}{space 2}    6.863{col 37}{space 1}    1.04{col 46}{space 3}0.302{col 54}{space 4} -6.43309{col 67}{space 3} 20.64749
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}7.107201

{txt}added scalar:
               e(sd62) =  {res}6.8630002

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 36.78423{col 26}{space 2} 16.61901{col 37}{space 1}    2.21{col 46}{space 3}0.028{col 54}{space 4} 3.995925{col 67}{space 3} 69.57254
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}36.784235

{txt}added scalar:
               e(sd43) =  {res}16.619006

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 71.11726{col 26}{space 2} 35.09182{col 37}{space 1}    2.03{col 46}{space 3}0.044{col 54}{space 4} 1.883176{col 67}{space 3} 140.3513
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}71.117259

{txt}added scalar:
               e(sd53) =  {res}35.091824

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 6.106171{col 26}{space 2} 6.368974{col 37}{space 1}    0.96{col 46}{space 3}0.339{col 54}{space 4}-6.459436{col 67}{space 3} 18.67178
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}6.1061714

{txt}added scalar:
               e(sd63) =  {res}6.368974

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 34.33302{col 26}{space 2} 38.04052{col 37}{space 1}    0.90{col 46}{space 3}0.368{col 54}{space 4}-40.71866{col 67}{space 3} 109.3847
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}34.333024

{txt}added scalar:
               e(sd54) =  {res}38.040518

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-30.67806{col 26}{space 2} 17.91339{col 37}{space 1}   -1.71{col 46}{space 3}0.088{col 54}{space 4}-66.02012{col 67}{space 3} 4.663991
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-30.678063

{txt}added scalar:
               e(sd64) =  {res}17.91339

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-65.01109{col 26}{space 2} 35.72137{col 37}{space 1}   -1.82{col 46}{space 3}0.070{col 54}{space 4}-135.4872{col 67}{space 3} 5.465056
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-65.011087

{txt}added scalar:
               e(sd65) =  {res}35.721372

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     3.65
                                                {txt}Prob > F          = {res}    0.0002
                                                {txt}R-squared         = {res}    0.1085
                                                {txt}Root MSE          =    {res} 33.235

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe21{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-13.84476{col 33}{space 2} 3.666116{col 44}{space 1}   -3.78{col 53}{space 3}0.000{col 61}{space 4}-21.07778{col 74}{space 3}-6.611727
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-9.191714{col 33}{space 2} 3.624755{col 44}{space 1}   -2.54{col 53}{space 3}0.012{col 61}{space 4}-16.34314{col 74}{space 3}-2.040289
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-1.756688{col 33}{space 2}  4.80667{col 44}{space 1}   -0.37{col 53}{space 3}0.715{col 61}{space 4}-11.23996{col 74}{space 3} 7.726586
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}  19.1866{col 33}{space 2} 10.76729{col 44}{space 1}    1.78{col 53}{space 3}0.076{col 61}{space 4}-2.056612{col 74}{space 3} 40.42982
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-1.512351{col 33}{space 2} 5.429474{col 44}{space 1}   -0.28{col 53}{space 3}0.781{col 61}{space 4}-12.22438{col 74}{space 3} 9.199678
{txt}{space 16}crt {c |}{col 21}{res}{space 2} 1.150547{col 33}{space 2} 2.283465{col 44}{space 1}    0.50{col 53}{space 3}0.615{col 61}{space 4}-3.354594{col 74}{space 3} 5.655688
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-5.287293{col 33}{space 2} 4.410631{col 44}{space 1}   -1.20{col 53}{space 3}0.232{col 61}{space 4}-13.98921{col 74}{space 3}  3.41462
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .1433678{col 33}{space 2} .8004867{col 44}{space 1}    0.18{col 53}{space 3}0.858{col 61}{space 4}-1.435945{col 74}{space 3}  1.72268
{txt}{space 13}female {c |}{col 21}{res}{space 2}-8.527075{col 33}{space 2} 4.394763{col 44}{space 1}   -1.94{col 53}{space 3}0.054{col 61}{space 4}-17.19768{col 74}{space 3} .1435301
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-1.026675{col 33}{space 2} 3.037656{col 44}{space 1}   -0.34{col 53}{space 3}0.736{col 61}{space 4}-7.019791{col 74}{space 3}  4.96644
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  36.4084{col 33}{space 2} 9.666312{col 44}{space 1}    3.77{col 53}{space 3}0.000{col 61}{space 4} 17.33734{col 74}{space 3} 55.47946
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.653041{col 26}{space 2} 2.487369{col 37}{space 1}    1.87{col 46}{space 3}0.063{col 54}{space 4}  -.25439{col 67}{space 3} 9.560472
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}4.6530409

{txt}added scalar:
               e(sd32) =  {res}2.4873689

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 12.08807{col 26}{space 2} 3.694437{col 37}{space 1}    3.27{col 46}{space 3}0.001{col 54}{space 4} 4.799164{col 67}{space 3} 19.37697
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}12.088068

{txt}added scalar:
               e(sd42) =  {res}3.6944366

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 33.03136{col 26}{space 2} 10.15301{col 37}{space 1}    3.25{col 46}{space 3}0.001{col 54}{space 4} 13.00008{col 67}{space 3} 53.06264
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}33.031358

{txt}added scalar:
               e(sd52) =  {res}10.153007

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  12.3324{col 26}{space 2} 4.535609{col 37}{space 1}    2.72{col 46}{space 3}0.007{col 54}{space 4} 3.383916{col 67}{space 3} 21.28089
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}12.332404

{txt}added scalar:
               e(sd62) =  {res}4.5356094

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.435027{col 26}{space 2} 4.049239{col 37}{space 1}    1.84{col 46}{space 3}0.068{col 54}{space 4}-.5538819{col 67}{space 3} 15.42394
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}7.4350268

{txt}added scalar:
               e(sd43) =  {res}4.0492395

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 28.37832{col 26}{space 2} 9.864442{col 37}{space 1}    2.88{col 46}{space 3}0.004{col 54}{space 4} 8.916359{col 67}{space 3} 47.84028
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}28.378318

{txt}added scalar:
               e(sd53) =  {res}9.8644424

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.679363{col 26}{space 2} 4.595802{col 37}{space 1}    1.67{col 46}{space 3}0.096{col 54}{space 4}-1.387882{col 67}{space 3} 16.74661
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}7.679363

{txt}added scalar:
               e(sd63) =  {res}4.5958025

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 20.94329{col 26}{space 2} 10.64409{col 37}{space 1}    1.97{col 46}{space 3}0.051{col 54}{space 4}-.0568714{col 67}{space 3} 41.94345
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}20.943291

{txt}added scalar:
               e(sd54) =  {res}10.644093

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2443362{col 26}{space 2} 5.295858{col 37}{space 1}    0.05{col 46}{space 3}0.963{col 54}{space 4}-10.20408{col 67}{space 3} 10.69275
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.24433616

{txt}added scalar:
               e(sd64) =  {res}5.2958585

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-20.69895{col 26}{space 2} 10.76449{col 37}{space 1}   -1.92{col 46}{space 3}0.056{col 54}{space 4}-41.93664{col 67}{space 3} .5387342
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-20.698955

{txt}added scalar:
               e(sd65) =  {res}10.764485

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.54
                                                {txt}Prob > F          = {res}    0.0068
                                                {txt}R-squared         = {res}    0.0876
                                                {txt}Root MSE          =    {res}  23.19

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe25{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-5.012699{col 33}{space 2} 2.007246{col 44}{space 1}   -2.50{col 53}{space 3}0.013{col 61}{space 4}-8.972876{col 74}{space 3}-1.052522
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-4.460717{col 33}{space 2} 1.840368{col 44}{space 1}   -2.42{col 53}{space 3}0.016{col 61}{space 4}-8.091655{col 74}{space 3}-.8297799
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 2.968104{col 33}{space 2} 3.934343{col 44}{space 1}    0.75{col 53}{space 3}0.452{col 61}{space 4} -4.79412{col 74}{space 3} 10.73033
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 13.87097{col 33}{space 2} 7.490556{col 44}{space 1}    1.85{col 53}{space 3}0.066{col 61}{space 4}-.9074485{col 74}{space 3} 28.64939
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-3.620005{col 33}{space 2} 2.428716{col 44}{space 1}   -1.49{col 53}{space 3}0.138{col 61}{space 4}-8.411717{col 74}{space 3} 1.171707
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.4794899{col 33}{space 2} .8806571{col 44}{space 1}   -0.54{col 53}{space 3}0.587{col 61}{space 4}-2.216974{col 74}{space 3} 1.257994
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-2.523201{col 33}{space 2}  1.70364{col 44}{space 1}   -1.48{col 53}{space 3}0.140{col 61}{space 4}-5.884381{col 74}{space 3} .8379795
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.7286553{col 33}{space 2}  .732428{col 44}{space 1}   -0.99{col 53}{space 3}0.321{col 61}{space 4}-2.173692{col 74}{space 3} .7163817
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.616727{col 33}{space 2} 2.780821{col 44}{space 1}   -0.58{col 53}{space 3}0.562{col 61}{space 4}-7.103122{col 74}{space 3} 3.869668
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .4189706{col 33}{space 2} 1.651599{col 44}{space 1}    0.25{col 53}{space 3}0.800{col 61}{space 4}-2.839537{col 74}{space 3} 3.677478
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  25.8731{col 33}{space 2} 7.264112{col 44}{space 1}    3.56{col 53}{space 3}0.000{col 61}{space 4} 11.54144{col 74}{space 3} 40.20476
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5519818{col 26}{space 2} 1.652986{col 37}{space 1}    0.33{col 46}{space 3}0.739{col 54}{space 4}-2.709261{col 67}{space 3} 3.813225
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.5519818

{txt}added scalar:
               e(sd32) =  {res}1.6529859

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.980803{col 26}{space 2} 3.478994{col 37}{space 1}    2.29{col 46}{space 3}0.023{col 54}{space 4} 1.116955{col 67}{space 3} 14.84465
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}7.9808032

{txt}added scalar:
               e(sd42) =  {res}3.4789937

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.88367{col 26}{space 2} 7.195097{col 37}{space 1}    2.62{col 46}{space 3}0.009{col 54}{space 4} 4.688172{col 67}{space 3} 33.07917
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}18.883672

{txt}added scalar:
               e(sd52) =  {res}7.1950974

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.392694{col 26}{space 2} 2.300892{col 37}{space 1}    0.61{col 46}{space 3}0.546{col 54}{space 4}-3.146829{col 67}{space 3} 5.932217
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.3926941

{txt}added scalar:
               e(sd62) =  {res}2.300892

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.428821{col 26}{space 2} 3.622413{col 37}{space 1}    2.05{col 46}{space 3}0.042{col 54}{space 4} .2820161{col 67}{space 3} 14.57563
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}7.4288214

{txt}added scalar:
               e(sd43) =  {res}3.6224129

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.33169{col 26}{space 2} 7.505577{col 37}{space 1}    2.44{col 46}{space 3}0.016{col 54}{space 4} 3.523634{col 67}{space 3} 33.13975
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}18.33169

{txt}added scalar:
               e(sd53) =  {res}7.5055765

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8407123{col 26}{space 2} 2.097929{col 37}{space 1}    0.40{col 46}{space 3}0.689{col 54}{space 4}-3.298377{col 67}{space 3} 4.979802
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.84071231

{txt}added scalar:
               e(sd63) =  {res}2.097929

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 10.90287{col 26}{space 2} 8.160201{col 37}{space 1}    1.34{col 46}{space 3}0.183{col 54}{space 4}-5.196724{col 67}{space 3} 27.00246
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}10.902868

{txt}added scalar:
               e(sd54) =  {res}8.1602014

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.588109{col 26}{space 2}  4.06447{col 37}{space 1}   -1.62{col 46}{space 3}0.107{col 54}{space 4}-14.60707{col 67}{space 3} 1.430849
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-6.588109

{txt}added scalar:
               e(sd64) =  {res}4.06447

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-17.49098{col 26}{space 2}  7.74998{col 37}{space 1}   -2.26{col 46}{space 3}0.025{col 54}{space 4}-32.78123{col 67}{space 3}-2.200727
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-17.490978

{txt}added scalar:
               e(sd65) =  {res}7.7499803

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     1.69
                                                {txt}Prob > F          = {res}    0.0895
                                                {txt}R-squared         = {res}    0.1654
                                                {txt}Root MSE          =    {res}  11.28

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe26{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-2.629282{col 33}{space 2} 1.562169{col 44}{space 1}   -1.68{col 53}{space 3}0.095{col 61}{space 4}-5.717968{col 74}{space 3} .4594047
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .3946806{col 33}{space 2} 1.652624{col 44}{space 1}    0.24{col 53}{space 3}0.812{col 61}{space 4}-2.872851{col 74}{space 3} 3.662212
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -1.00599{col 33}{space 2} 2.209755{col 44}{space 1}   -0.46{col 53}{space 3}0.650{col 61}{space 4}-5.375069{col 74}{space 3} 3.363089
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 8.926593{col 33}{space 2}   5.0141{col 44}{space 1}    1.78{col 53}{space 3}0.077{col 61}{space 4}-.9871729{col 74}{space 3} 18.84036
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-2.984229{col 33}{space 2} 1.741302{col 44}{space 1}   -1.71{col 53}{space 3}0.089{col 61}{space 4}-6.427092{col 74}{space 3} .4586347
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .3089415{col 33}{space 2} .7838723{col 44}{space 1}    0.39{col 53}{space 3}0.694{col 61}{space 4}-1.240913{col 74}{space 3} 1.858796
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-2.668342{col 33}{space 2} 1.719149{col 44}{space 1}   -1.55{col 53}{space 3}0.123{col 61}{space 4}-6.067404{col 74}{space 3} .7307201
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .7448804{col 33}{space 2} .4490778{col 44}{space 1}    1.66{col 53}{space 3}0.099{col 61}{space 4}-.1430262{col 74}{space 3} 1.632787
{txt}{space 13}female {c |}{col 21}{res}{space 2} -.489633{col 33}{space 2}  1.71416{col 44}{space 1}   -0.29{col 53}{space 3}0.776{col 61}{space 4}-3.878832{col 74}{space 3} 2.899565
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .6799714{col 33}{space 2} 1.828755{col 44}{space 1}    0.37{col 53}{space 3}0.711{col 61}{space 4}-2.935803{col 74}{space 3} 4.295745
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 13.83616{col 33}{space 2} 2.757361{col 44}{space 1}    5.02{col 53}{space 3}0.000{col 61}{space 4} 8.384371{col 74}{space 3} 19.28796
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.023962{col 26}{space 2} 1.365518{col 37}{space 1}    2.21{col 46}{space 3}0.028{col 54}{space 4} .3240895{col 67}{space 3} 5.723835
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}3.0239622

{txt}added scalar:
               e(sd32) =  {res}1.3655184

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.623291{col 26}{space 2} 1.923885{col 37}{space 1}    0.84{col 46}{space 3}0.400{col 54}{space 4}-2.180572{col 67}{space 3} 5.427154
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}1.6232913

{txt}added scalar:
               e(sd42) =  {res}1.9238853

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 11.55587{col 26}{space 2} 4.842909{col 37}{space 1}    2.39{col 46}{space 3}0.018{col 54}{space 4} 1.980582{col 67}{space 3} 21.13117
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}11.555875

{txt}added scalar:
               e(sd52) =  {res}4.8429094

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3549472{col 26}{space 2} 1.402955{col 37}{space 1}   -0.25{col 46}{space 3}0.801{col 54}{space 4} -3.12884{col 67}{space 3} 2.418945
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.35494722

{txt}added scalar:
               e(sd62) =  {res}1.4029555

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.400671{col 26}{space 2} 1.989081{col 37}{space 1}   -0.70{col 46}{space 3}0.482{col 54}{space 4}-5.333437{col 67}{space 3} 2.532095
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-1.4006708

{txt}added scalar:
               e(sd43) =  {res}1.9890806

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 8.531912{col 26}{space 2} 4.801596{col 37}{space 1}    1.78{col 46}{space 3}0.078{col 54}{space 4}-.9616958{col 67}{space 3} 18.02552
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}8.5319124

{txt}added scalar:
               e(sd53) =  {res}4.8015958

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.378909{col 26}{space 2} 1.545605{col 37}{space 1}   -2.19{col 46}{space 3}0.030{col 54}{space 4}-6.434846{col 67}{space 3}-.3229728
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-3.3789094

{txt}added scalar:
               e(sd63) =  {res}1.5456054

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 9.932583{col 26}{space 2}  4.61611{col 37}{space 1}    2.15{col 46}{space 3}0.033{col 54}{space 4} .8057138{col 67}{space 3} 19.05945
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}9.9325833

{txt}added scalar:
               e(sd54) =  {res}4.6161098

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.978239{col 26}{space 2} 1.973593{col 37}{space 1}   -1.00{col 46}{space 3}0.318{col 54}{space 4}-5.880382{col 67}{space 3} 1.923905
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-1.9782386

{txt}added scalar:
               e(sd64) =  {res}1.9735927

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-11.91082{col 26}{space 2} 4.580721{col 37}{space 1}   -2.60{col 46}{space 3}0.010{col 54}{space 4}-20.96772{col 67}{space 3}-2.853923
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-11.910822

{txt}added scalar:
               e(sd65) =  {res}4.5807205

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.56
                                                {txt}Prob > F          = {res}    0.0003
                                                {txt}R-squared         = {res}    0.0750
                                                {txt}Root MSE          =    {res} 10.077

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe31{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-6.361658{col 33}{space 2}  1.63475{col 44}{space 1}   -3.89{col 53}{space 3}0.000{col 61}{space 4} -9.59385{col 74}{space 3}-3.129466
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-3.011431{col 33}{space 2} 1.679308{col 44}{space 1}   -1.79{col 53}{space 3}0.075{col 61}{space 4}-6.331721{col 74}{space 3} .3088597
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.050638{col 33}{space 2} 4.200265{col 44}{space 1}    0.25{col 53}{space 3}0.803{col 61}{space 4}-7.254033{col 74}{space 3} 9.355308
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.8582764{col 33}{space 2} 3.399426{col 44}{space 1}   -0.25{col 53}{space 3}0.801{col 61}{space 4}-7.579546{col 74}{space 3} 5.862993
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} -5.89437{col 33}{space 2} 1.927946{col 44}{space 1}   -3.06{col 53}{space 3}0.003{col 61}{space 4}-9.706263{col 74}{space 3}-2.082477
{txt}{space 16}crt {c |}{col 21}{res}{space 2} -.385044{col 33}{space 2} .7212067{col 44}{space 1}   -0.53{col 53}{space 3}0.594{col 61}{space 4}-1.810998{col 74}{space 3}  1.04091
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0802779{col 33}{space 2} .8761203{col 44}{space 1}    0.09{col 53}{space 3}0.927{col 61}{space 4}-1.651968{col 74}{space 3} 1.812523
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .4134258{col 33}{space 2} .3682457{col 44}{space 1}    1.12{col 53}{space 3}0.264{col 61}{space 4}-.3146614{col 74}{space 3} 1.141513
{txt}{space 13}female {c |}{col 21}{res}{space 2} .3116199{col 33}{space 2} 1.500592{col 44}{space 1}    0.21{col 53}{space 3}0.836{col 61}{space 4}-2.655317{col 74}{space 3} 3.278557
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .672726{col 33}{space 2} 1.541001{col 44}{space 1}    0.44{col 53}{space 3}0.663{col 61}{space 4}-2.374106{col 74}{space 3} 3.719558
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 14.02329{col 33}{space 2} 3.692258{col 44}{space 1}    3.80{col 53}{space 3}0.000{col 61}{space 4} 6.723043{col 74}{space 3} 21.32354
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.350227{col 26}{space 2} 1.065479{col 37}{space 1}    3.14{col 46}{space 3}0.002{col 54}{space 4} 1.243585{col 67}{space 3} 5.456869
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}3.3502271

{txt}added scalar:
               e(sd32) =  {res}1.0654791

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.412295{col 26}{space 2} 3.806442{col 37}{space 1}    1.95{col 46}{space 3}0.054{col 54}{space 4}-.1137174{col 67}{space 3} 14.93831
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}7.4122954

{txt}added scalar:
               e(sd42) =  {res}3.8064422

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.503381{col 26}{space 2} 3.296029{col 37}{space 1}    1.67{col 46}{space 3}0.097{col 54}{space 4}-1.013453{col 67}{space 3} 12.02022
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}5.5033813

{txt}added scalar:
               e(sd52) =  {res}3.2960287

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4672879{col 26}{space 2} 1.263672{col 37}{space 1}    0.37{col 46}{space 3}0.712{col 54}{space 4}-2.031215{col 67}{space 3} 2.965791
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.4672879

{txt}added scalar:
               e(sd62) =  {res}1.2636715

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.062068{col 26}{space 2} 4.062124{col 37}{space 1}    1.00{col 46}{space 3}0.319{col 54}{space 4}-3.969472{col 67}{space 3} 12.09361
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}4.0620683

{txt}added scalar:
               e(sd43) =  {res}4.0621236

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.153154{col 26}{space 2} 3.209828{col 37}{space 1}    0.67{col 46}{space 3}0.503{col 54}{space 4}-4.193247{col 67}{space 3} 8.499555
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}2.1531543

{txt}added scalar:
               e(sd53) =  {res}3.2098284

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.882939{col 26}{space 2} 1.554631{col 37}{space 1}   -1.85{col 46}{space 3}0.066{col 54}{space 4}-5.956722{col 67}{space 3} .1908434
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-2.8829392

{txt}added scalar:
               e(sd63) =  {res}1.5546314

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.908914{col 26}{space 2} 4.899327{col 37}{space 1}   -0.39{col 46}{space 3}0.697{col 54}{space 4}-11.59575{col 67}{space 3} 7.777926
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.908914

{txt}added scalar:
               e(sd54) =  {res}4.8993267

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.945007{col 26}{space 2} 3.617002{col 37}{space 1}   -1.92{col 46}{space 3}0.057{col 54}{space 4}-14.09646{col 67}{space 3} .2064475
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-6.9450075

{txt}added scalar:
               e(sd64) =  {res}3.6170016

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-5.036093{col 26}{space 2} 3.230018{col 37}{space 1}   -1.56{col 46}{space 3}0.121{col 54}{space 4}-11.42241{col 67}{space 3} 1.350226
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-5.0360934

{txt}added scalar:
               e(sd65) =  {res}3.2300179

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     2.08
                                                {txt}Prob > F          = {res}    0.0301
                                                {txt}R-squared         = {res}    0.1606
                                                {txt}Root MSE          =    {res} 6.9554

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}             mspe35{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-5.766385{col 33}{space 2} 1.738547{col 44}{space 1}   -3.32{col 53}{space 3}0.001{col 61}{space 4}-9.203801{col 74}{space 3}-2.328969
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-3.466315{col 33}{space 2} 1.746533{col 44}{space 1}   -1.98{col 53}{space 3}0.049{col 61}{space 4}-6.919521{col 74}{space 3}-.0131094
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -2.45529{col 33}{space 2}    1.945{col 44}{space 1}   -1.26{col 53}{space 3}0.209{col 61}{space 4}-6.300902{col 74}{space 3} 1.390321
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 1.370612{col 33}{space 2} 2.616899{col 44}{space 1}    0.52{col 53}{space 3}0.601{col 61}{space 4}-3.803463{col 74}{space 3} 6.544687
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-4.632327{col 33}{space 2} 1.964837{col 44}{space 1}   -2.36{col 53}{space 3}0.020{col 61}{space 4}-8.517159{col 74}{space 3}-.7474948
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.4846009{col 33}{space 2} .5638833{col 44}{space 1}   -0.86{col 53}{space 3}0.392{col 61}{space 4}-1.599498{col 74}{space 3} .6302967
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} -.866274{col 33}{space 2} 1.037536{col 44}{space 1}   -0.83{col 53}{space 3}0.405{col 61}{space 4}-2.917667{col 74}{space 3} 1.185119
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .4549506{col 33}{space 2} .2719619{col 44}{space 1}    1.67{col 53}{space 3}0.097{col 61}{space 4}-.0827664{col 74}{space 3} .9926675
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.6093493{col 33}{space 2}  1.13712{col 44}{space 1}   -0.54{col 53}{space 3}0.593{col 61}{space 4}-2.857638{col 74}{space 3} 1.638939
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .6127942{col 33}{space 2} .9233271{col 44}{space 1}    0.66{col 53}{space 3}0.508{col 61}{space 4}-1.212788{col 74}{space 3} 2.438376
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 14.14419{col 33}{space 2} 2.583253{col 44}{space 1}    5.48{col 53}{space 3}0.000{col 61}{space 4} 9.036642{col 74}{space 3} 19.25174
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  2.30007{col 26}{space 2} 1.445308{col 37}{space 1}    1.59{col 46}{space 3}0.114{col 54}{space 4}-.5575597{col 67}{space 3}   5.1577
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}2.3000701

{txt}added scalar:
               e(sd32) =  {res}1.4453075

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.311095{col 26}{space 2} 1.651488{col 37}{space 1}    2.00{col 46}{space 3}0.047{col 54}{space 4} .0458104{col 67}{space 3} 6.576379
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}3.3110948

{txt}added scalar:
               e(sd42) =  {res}1.6514875

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.136997{col 26}{space 2} 2.413088{col 37}{space 1}    2.96{col 46}{space 3}0.004{col 54}{space 4} 2.365893{col 67}{space 3}  11.9081
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}7.1369972

{txt}added scalar:
               e(sd52) =  {res}2.4130884

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.134058{col 26}{space 2} 1.745754{col 37}{space 1}    0.65{col 46}{space 3}0.517{col 54}{space 4}-2.317607{col 67}{space 3} 4.585724
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.1340584

{txt}added scalar:
               e(sd62) =  {res}1.7457536

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.011025{col 26}{space 2} 1.623395{col 37}{space 1}    0.62{col 46}{space 3}0.534{col 54}{space 4}-2.198715{col 67}{space 3} 4.220765
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}1.0110247

{txt}added scalar:
               e(sd43) =  {res}1.6233947

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.836927{col 26}{space 2} 2.360351{col 37}{space 1}    2.05{col 46}{space 3}0.042{col 54}{space 4} .1700936{col 67}{space 3} 9.503761
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}4.8369271

{txt}added scalar:
               e(sd53) =  {res}2.3603511

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.166012{col 26}{space 2} 1.662401{col 37}{space 1}   -0.70{col 46}{space 3}0.484{col 54}{space 4}-4.452873{col 67}{space 3}  2.12085
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-1.1660117

{txt}added scalar:
               e(sd63) =  {res}1.6624005

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.825902{col 26}{space 2} 2.344077{col 37}{space 1}    1.63{col 46}{space 3}0.105{col 54}{space 4} -.808754{col 67}{space 3} 8.460559
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}3.8259024

{txt}added scalar:
               e(sd54) =  {res}2.3440768

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.177036{col 26}{space 2} 1.796299{col 37}{space 1}   -1.21{col 46}{space 3}0.228{col 54}{space 4}-5.728638{col 67}{space 3} 1.374565
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2.1770364

{txt}added scalar:
               e(sd64) =  {res}1.7962986

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}      mspe35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.002939{col 26}{space 2} 2.496097{col 37}{space 1}   -2.40{col 46}{space 3}0.017{col 54}{space 4}-10.93817{col 67}{space 3}-1.067712
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-6.0029388

{txt}added scalar:
               e(sd65) =  {res}2.4960966
{txt}
{com}. 
. 
. esttab mspe* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) replace cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  , fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd))  collabels(none) title(" mspe")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. est clear
{txt}
{com}. 
. *mean square erros 
. foreach i of numlist 1 (5)21 25 26 31 35{c -(}
{txt}  2{com}. reg mse`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. est store mse`i'
{txt} 11{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     1.90
                                                {txt}Prob > F          = {res}    0.0472
                                                {txt}R-squared         = {res}    0.0668
                                                {txt}Root MSE          =    {res} 61.145

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}               mse1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 15.90122{col 33}{space 2} 12.07858{col 44}{space 1}    1.32{col 53}{space 3}0.190{col 61}{space 4}-7.929102{col 74}{space 3} 39.73154
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 13.84497{col 33}{space 2} 13.70436{col 44}{space 1}    1.01{col 53}{space 3}0.314{col 61}{space 4}-13.19291{col 74}{space 3} 40.88286
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-14.83414{col 33}{space 2}   12.725{col 44}{space 1}   -1.17{col 53}{space 3}0.245{col 61}{space 4} -39.9398{col 74}{space 3} 10.27153
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 4.182157{col 33}{space 2} 12.32126{col 44}{space 1}    0.34{col 53}{space 3}0.735{col 61}{space 4}-20.12695{col 74}{space 3} 28.49127
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 9.779795{col 33}{space 2} 13.05888{col 44}{space 1}    0.75{col 53}{space 3}0.455{col 61}{space 4}-15.98459{col 74}{space 3} 35.54418
{txt}{space 16}crt {c |}{col 21}{res}{space 2} 2.948008{col 33}{space 2} 3.345576{col 44}{space 1}    0.88{col 53}{space 3}0.379{col 61}{space 4}-3.652615{col 74}{space 3} 9.548632
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 2.660445{col 33}{space 2} 4.643973{col 44}{space 1}    0.57{col 53}{space 3}0.567{col 61}{space 4}-6.501837{col 74}{space 3} 11.82273
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-2.825346{col 33}{space 2} 1.719285{col 44}{space 1}   -1.64{col 53}{space 3}0.102{col 61}{space 4}-6.217393{col 74}{space 3} .5667013
{txt}{space 13}female {c |}{col 21}{res}{space 2}-15.05497{col 33}{space 2} 7.884446{col 44}{space 1}   -1.91{col 53}{space 3}0.058{col 61}{space 4}-30.61052{col 74}{space 3} .5005674
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-10.21462{col 33}{space 2} 5.038589{col 44}{space 1}   -2.03{col 53}{space 3}0.044{col 61}{space 4}-20.15546{col 74}{space 3}-.2737876
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 95.06638{col 33}{space 2} 19.74125{col 44}{space 1}    4.82{col 53}{space 3}0.000{col 61}{space 4} 56.11808{col 74}{space 3} 134.0147
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.056245{col 26}{space 2} 13.52909{col 37}{space 1}   -0.15{col 46}{space 3}0.879{col 54}{space 4}-28.74833{col 67}{space 3} 24.63584
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-2.0562454

{txt}added scalar:
               e(sd32) =  {res}13.52909

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-30.73536{col 26}{space 2} 12.35781{col 37}{space 1}   -2.49{col 46}{space 3}0.014{col 54}{space 4}-55.11658{col 67}{space 3}-6.354134
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-30.735358

{txt}added scalar:
               e(sd42) =  {res}12.35781

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-11.71906{col 26}{space 2} 12.06001{col 37}{space 1}   -0.97{col 46}{space 3}0.332{col 54}{space 4}-35.51274{col 67}{space 3} 12.07462
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-11.719062

{txt}added scalar:
               e(sd52) =  {res}12.060008

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.121424{col 26}{space 2} 12.64433{col 37}{space 1}   -0.48{col 46}{space 3}0.629{col 54}{space 4}-31.06793{col 67}{space 3} 18.82509
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-6.121424

{txt}added scalar:
               e(sd62) =  {res}12.64433

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-28.67911{col 26}{space 2} 14.05372{col 37}{space 1}   -2.04{col 46}{space 3}0.043{col 54}{space 4}-56.40627{col 67}{space 3}-.9519549
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-28.679112

{txt}added scalar:
               e(sd43) =  {res}14.053722

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-9.662816{col 26}{space 2} 13.91631{col 37}{space 1}   -0.69{col 46}{space 3}0.488{col 54}{space 4}-37.11888{col 67}{space 3} 17.79324
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-9.6628163

{txt}added scalar:
               e(sd53) =  {res}13.916314

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-4.065179{col 26}{space 2} 13.89982{col 37}{space 1}   -0.29{col 46}{space 3}0.770{col 54}{space 4}-31.48869{col 67}{space 3} 23.35834
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-4.0651786

{txt}added scalar:
               e(sd63) =  {res}13.899819

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  19.0163{col 26}{space 2} 12.31397{col 37}{space 1}    1.54{col 46}{space 3}0.124{col 54}{space 4}-5.278443{col 67}{space 3} 43.31104
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}19.016296

{txt}added scalar:
               e(sd54) =  {res}12.313974

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 24.61393{col 26}{space 2}  12.7516{col 37}{space 1}    1.93{col 46}{space 3}0.055{col 54}{space 4}-.5442213{col 67}{space 3} 49.77209
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}24.613934

{txt}added scalar:
               e(sd64) =  {res}12.751603

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.597638{col 26}{space 2} 12.64453{col 37}{space 1}    0.44{col 46}{space 3}0.659{col 54}{space 4}-19.34927{col 67}{space 3} 30.54455
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}5.5976377

{txt}added scalar:
               e(sd65) =  {res}12.644532

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     4.14
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1272
                                                {txt}Root MSE          =    {res} 442.66

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}               mse6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 431.3643{col 33}{space 2} 109.7661{col 44}{space 1}    3.93{col 53}{space 3}0.000{col 61}{space 4} 214.8023{col 74}{space 3} 647.9263
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 330.9845{col 33}{space 2} 74.47505{col 44}{space 1}    4.44{col 53}{space 3}0.000{col 61}{space 4} 184.0496{col 74}{space 3} 477.9193
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 75.48781{col 33}{space 2}  60.8444{col 44}{space 1}    1.24{col 53}{space 3}0.216{col 61}{space 4}-44.55457{col 74}{space 3} 195.5302
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 51.35119{col 33}{space 2} 29.88034{col 44}{space 1}    1.72{col 53}{space 3}0.087{col 61}{space 4}-7.600937{col 74}{space 3} 110.3033
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 49.58924{col 33}{space 2} 29.33668{col 44}{space 1}    1.69{col 53}{space 3}0.093{col 61}{space 4} -8.29029{col 74}{space 3} 107.4688
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-30.25183{col 33}{space 2} 21.33406{col 44}{space 1}   -1.42{col 53}{space 3}0.158{col 61}{space 4}-72.34266{col 74}{space 3}   11.839
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 21.60213{col 33}{space 2} 30.43403{col 44}{space 1}    0.71{col 53}{space 3}0.479{col 61}{space 4} -38.4424{col 74}{space 3} 81.64665
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 4.323928{col 33}{space 2} 10.76834{col 44}{space 1}    0.40{col 53}{space 3}0.688{col 61}{space 4}-16.92137{col 74}{space 3} 25.56923
{txt}{space 13}female {c |}{col 21}{res}{space 2} -63.2243{col 33}{space 2}  56.5166{col 44}{space 1}   -1.12{col 53}{space 3}0.265{col 61}{space 4}-174.7282{col 74}{space 3} 48.27958
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 5.271483{col 33}{space 2} 41.57124{col 44}{space 1}    0.13{col 53}{space 3}0.899{col 61}{space 4} -76.7461{col 74}{space 3} 87.28907
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 151.9187{col 33}{space 2} 90.91655{col 44}{space 1}    1.67{col 53}{space 3}0.096{col 61}{space 4}-27.45424{col 74}{space 3} 331.2917
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-100.3799{col 26}{space 2} 125.3627{col 37}{space 1}   -0.80{col 46}{space 3}0.424{col 54}{space 4} -347.713{col 67}{space 3} 146.9533
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-100.37985

{txt}added scalar:
               e(sd32) =  {res}125.3627

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-355.8765{col 26}{space 2} 126.7683{col 37}{space 1}   -2.81{col 46}{space 3}0.006{col 54}{space 4}-605.9828{col 67}{space 3}-105.7702
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-355.8765

{txt}added scalar:
               e(sd42) =  {res}126.76827

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-380.0131{col 26}{space 2} 112.1594{col 37}{space 1}   -3.39{col 46}{space 3}0.001{col 54}{space 4}-601.2969{col 67}{space 3}-158.7294
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-380.01312

{txt}added scalar:
               e(sd52) =  {res}112.15937

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-381.7751{col 26}{space 2} 114.0694{col 37}{space 1}   -3.35{col 46}{space 3}0.001{col 54}{space 4}-606.8272{col 67}{space 3}-156.7229
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-381.77508

{txt}added scalar:
               e(sd62) =  {res}114.06941

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-255.4966{col 26}{space 2} 90.40983{col 37}{space 1}   -2.83{col 46}{space 3}0.005{col 54}{space 4}-433.8699{col 67}{space 3}-77.12343
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-255.49665

{txt}added scalar:
               e(sd43) =  {res}90.409827

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-279.6333{col 26}{space 2} 78.18773{col 37}{space 1}   -3.58{col 46}{space 3}0.000{col 54}{space 4} -433.893{col 67}{space 3}-125.3735
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-279.63327

{txt}added scalar:
               e(sd53) =  {res}78.187728

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-281.3952{col 26}{space 2} 77.38958{col 37}{space 1}   -3.64{col 46}{space 3}0.000{col 54}{space 4}-434.0803{col 67}{space 3}-128.7102
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-281.39522

{txt}added scalar:
               e(sd63) =  {res}77.389578

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-24.13662{col 26}{space 2} 60.12654{col 37}{space 1}   -0.40{col 46}{space 3}0.689{col 54}{space 4}-142.7627{col 67}{space 3} 94.48947
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-24.136619

{txt}added scalar:
               e(sd54) =  {res}60.12654

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-25.89858{col 26}{space 2} 62.04098{col 37}{space 1}   -0.42{col 46}{space 3}0.677{col 54}{space 4}-148.3017{col 67}{space 3} 96.50459
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-25.898576

{txt}added scalar:
               e(sd64) =  {res}62.040979

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        mse6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.761957{col 26}{space 2} 31.10729{col 37}{space 1}   -0.06{col 46}{space 3}0.955{col 54}{space 4}-63.13479{col 67}{space 3} 59.61087
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.7619571

{txt}added scalar:
               e(sd65) =  {res}31.107288

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.22
                                                {txt}Prob > F          = {res}    0.0184
                                                {txt}R-squared         = {res}    0.0609
                                                {txt}Root MSE          =    {res} 445.15

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 160.1772{col 33}{space 2} 101.8729{col 44}{space 1}    1.57{col 53}{space 3}0.118{col 61}{space 4}-40.81194{col 74}{space 3} 361.1663
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}  174.718{col 33}{space 2} 79.32783{col 44}{space 1}    2.20{col 53}{space 3}0.029{col 61}{space 4} 18.20889{col 74}{space 3} 331.2271
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}  131.495{col 33}{space 2} 85.68106{col 44}{space 1}    1.53{col 53}{space 3}0.127{col 61}{space 4}-37.54862{col 74}{space 3} 300.5387
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 46.20063{col 33}{space 2}  50.0562{col 44}{space 1}    0.92{col 53}{space 3}0.357{col 61}{space 4}-52.55728{col 74}{space 3} 144.9585
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-61.99649{col 33}{space 2}   50.725{col 44}{space 1}   -1.22{col 53}{space 3}0.223{col 61}{space 4}-162.0739{col 74}{space 3} 38.08091
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-11.29387{col 33}{space 2} 18.42042{col 44}{space 1}   -0.61{col 53}{space 3}0.541{col 61}{space 4}-47.63625{col 74}{space 3} 25.04851
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-4.230866{col 33}{space 2} 29.09276{col 44}{space 1}   -0.15{col 53}{space 3}0.885{col 61}{space 4}-61.62916{col 74}{space 3} 53.16743
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}  15.8265{col 33}{space 2} 11.46094{col 44}{space 1}    1.38{col 53}{space 3}0.169{col 61}{space 4}-6.785258{col 74}{space 3} 38.43826
{txt}{space 13}female {c |}{col 21}{res}{space 2}-104.9866{col 33}{space 2} 58.99995{col 44}{space 1}   -1.78{col 53}{space 3}0.077{col 61}{space 4}  -221.39{col 74}{space 3} 11.41679
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-67.12994{col 33}{space 2}  39.6647{col 44}{space 1}   -1.69{col 53}{space 3}0.092{col 61}{space 4} -145.386{col 74}{space 3} 11.12617
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 277.1264{col 33}{space 2} 118.9961{col 44}{space 1}    2.33{col 53}{space 3}0.021{col 61}{space 4} 42.35413{col 74}{space 3} 511.8987
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  14.5408{col 26}{space 2} 122.9627{col 37}{space 1}    0.12{col 46}{space 3}0.906{col 54}{space 4}-228.0573{col 67}{space 3} 257.1389
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}14.540801

{txt}added scalar:
               e(sd32) =  {res}122.96272

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-28.68216{col 26}{space 2} 119.4672{col 37}{space 1}   -0.24{col 46}{space 3}0.811{col 54}{space 4}-264.3839{col 67}{space 3} 207.0195
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-28.68216

{txt}added scalar:
               e(sd42) =  {res}119.46721

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-113.9766{col 26}{space 2} 101.9354{col 37}{space 1}   -1.12{col 46}{space 3}0.265{col 54}{space 4}-315.0889{col 67}{space 3} 87.13583
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-113.97655

{txt}added scalar:
               e(sd52) =  {res}101.93535

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-222.1737{col 26}{space 2} 100.8523{col 37}{space 1}   -2.20{col 46}{space 3}0.029{col 54}{space 4}-421.1492{col 67}{space 3}-23.19812
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-222.17368

{txt}added scalar:
               e(sd62) =  {res}100.85228

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-43.22296{col 26}{space 2}  103.441{col 37}{space 1}   -0.42{col 46}{space 3}0.677{col 54}{space 4}-247.3058{col 67}{space 3} 160.8599
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-43.222962

{txt}added scalar:
               e(sd43) =  {res}103.44096

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-128.5174{col 26}{space 2} 79.75585{col 37}{space 1}   -1.61{col 46}{space 3}0.109{col 54}{space 4}-285.8709{col 67}{space 3} 28.83619
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-128.51736

{txt}added scalar:
               e(sd53) =  {res}79.755845

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-236.7145{col 26}{space 2}  79.2498{col 37}{space 1}   -2.99{col 46}{space 3}0.003{col 54}{space 4}-393.0696{col 67}{space 3}-80.35934
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-236.71448

{txt}added scalar:
               e(sd63) =  {res}79.249796

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-85.29439{col 26}{space 2} 86.08445{col 37}{space 1}   -0.99{col 46}{space 3}0.323{col 54}{space 4}-255.1339{col 67}{space 3}  84.5451
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-85.294394

{txt}added scalar:
               e(sd54) =  {res}86.084448

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-193.4915{col 26}{space 2} 86.61919{col 37}{space 1}   -2.23{col 46}{space 3}0.027{col 54}{space 4} -364.386{col 67}{space 3}-22.59701
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-193.49152

{txt}added scalar:
               e(sd64) =  {res}86.619186

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-108.1971{col 26}{space 2}  50.9775{col 37}{space 1}   -2.12{col 46}{space 3}0.035{col 54}{space 4}-208.7727{col 67}{space 3}-7.621537
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-108.19712

{txt}added scalar:
               e(sd65) =  {res}50.977504

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     3.75
                                                {txt}Prob > F          = {res}    0.0001
                                                {txt}R-squared         = {res}    0.0684
                                                {txt}Root MSE          =    {res} 7028.6

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse16{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -1818.31{col 33}{space 2} 507.7435{col 44}{space 1}   -3.58{col 53}{space 3}0.000{col 61}{space 4}-2820.058{col 74}{space 3}-816.5626
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1705.224{col 33}{space 2} 501.9305{col 44}{space 1}   -3.40{col 53}{space 3}0.001{col 61}{space 4}-2695.503{col 74}{space 3}-714.9446
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 974.7504{col 33}{space 2} 1298.483{col 44}{space 1}    0.75{col 53}{space 3}0.454{col 61}{space 4}-1587.079{col 74}{space 3}  3536.58
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 2682.981{col 33}{space 2} 2204.843{col 44}{space 1}    1.22{col 53}{space 3}0.225{col 61}{space 4}-1667.043{col 74}{space 3} 7033.006
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-1393.669{col 33}{space 2} 538.6663{col 44}{space 1}   -2.59{col 53}{space 3}0.010{col 61}{space 4}-2456.426{col 74}{space 3}-330.9128
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-163.1637{col 33}{space 2} 196.7922{col 44}{space 1}   -0.83{col 53}{space 3}0.408{col 61}{space 4}-551.4229{col 74}{space 3} 225.0955
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} -539.821{col 33}{space 2}  435.719{col 44}{space 1}   -1.24{col 53}{space 3}0.217{col 61}{space 4}-1399.469{col 74}{space 3} 319.8268
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-281.1633{col 33}{space 2} 249.4145{col 44}{space 1}   -1.13{col 53}{space 3}0.261{col 61}{space 4}-773.2433{col 74}{space 3} 210.9167
{txt}{space 13}female {c |}{col 21}{res}{space 2} 214.5536{col 33}{space 2} 793.1351{col 44}{space 1}    0.27{col 53}{space 3}0.787{col 61}{space 4}-1350.255{col 74}{space 3} 1779.362
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 299.5182{col 33}{space 2} 502.0707{col 44}{space 1}    0.60{col 53}{space 3}0.552{col 61}{space 4}-691.0375{col 74}{space 3} 1290.074
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 5755.512{col 33}{space 2} 2309.017{col 44}{space 1}    2.49{col 53}{space 3}0.014{col 61}{space 4} 1199.958{col 74}{space 3} 10311.07
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 113.0867{col 26}{space 2} 373.7978{col 37}{space 1}    0.30{col 46}{space 3}0.763{col 54}{space 4} -624.394{col 67}{space 3} 850.5675
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}113.08674

{txt}added scalar:
               e(sd32) =  {res}373.79776

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2793.061{col 26}{space 2}  1115.82{col 37}{space 1}    2.50{col 46}{space 3}0.013{col 54}{space 4} 591.6142{col 67}{space 3} 4994.507
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}2793.0608

{txt}added scalar:
               e(sd42) =  {res}1115.82

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4501.292{col 26}{space 2} 2097.337{col 37}{space 1}    2.15{col 46}{space 3}0.033{col 54}{space 4} 363.3711{col 67}{space 3} 8639.212
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}4501.2917

{txt}added scalar:
               e(sd52) =  {res}2097.3367

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 424.6411{col 26}{space 2} 444.0969{col 37}{space 1}    0.96{col 46}{space 3}0.340{col 54}{space 4}-451.5357{col 67}{space 3} 1300.818
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}424.64107

{txt}added scalar:
               e(sd62) =  {res}444.09687

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2679.974{col 26}{space 2} 1189.571{col 37}{space 1}    2.25{col 46}{space 3}0.025{col 54}{space 4} 333.0216{col 67}{space 3} 5026.926
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}2679.974

{txt}added scalar:
               e(sd43) =  {res}1189.5708

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4388.205{col 26}{space 2} 2219.568{col 37}{space 1}    1.98{col 46}{space 3}0.050{col 54}{space 4} 9.129687{col 67}{space 3}  8767.28
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}4388.2049

{txt}added scalar:
               e(sd53) =  {res}2219.5678

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 311.5543{col 26}{space 2} 412.2728{col 37}{space 1}    0.76{col 46}{space 3}0.451{col 54}{space 4}-501.8355{col 67}{space 3} 1124.944
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}311.55433

{txt}added scalar:
               e(sd63) =  {res}412.27283

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1708.231{col 26}{space 2}  2467.57{col 37}{space 1}    0.69{col 46}{space 3}0.490{col 54}{space 4}-3160.139{col 67}{space 3} 6576.601
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}1708.2309

{txt}added scalar:
               e(sd54) =  {res}2467.5704

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -2368.42{col 26}{space 2} 1274.283{col 37}{space 1}   -1.86{col 46}{space 3}0.065{col 54}{space 4}-4882.504{col 67}{space 3} 145.6649
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2368.4197

{txt}added scalar:
               e(sd64) =  {res}1274.283

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-4076.651{col 26}{space 2} 2258.108{col 37}{space 1}   -1.81{col 46}{space 3}0.073{col 54}{space 4}-8531.764{col 67}{space 3} 378.4626
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-4076.6506

{txt}added scalar:
               e(sd65) =  {res}2258.1082

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     4.41
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1056
                                                {txt}Root MSE          =    {res} 2001.2

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse21{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1066.127{col 33}{space 2} 246.9109{col 44}{space 1}   -4.32{col 53}{space 3}0.000{col 61}{space 4}-1553.268{col 74}{space 3}-578.9864
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-711.2089{col 33}{space 2}  247.052{col 44}{space 1}   -2.88{col 53}{space 3}0.004{col 61}{space 4}-1198.628{col 74}{space 3}  -223.79
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-129.2494{col 33}{space 2} 327.6743{col 44}{space 1}   -0.39{col 53}{space 3}0.694{col 61}{space 4}-775.7312{col 74}{space 3} 517.2325
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 870.8358{col 33}{space 2} 640.7027{col 44}{space 1}    1.36{col 53}{space 3}0.176{col 61}{space 4}-393.2324{col 74}{space 3} 2134.904
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-335.4566{col 33}{space 2} 340.0194{col 44}{space 1}   -0.99{col 53}{space 3}0.325{col 61}{space 4}-1006.295{col 74}{space 3} 335.3815
{txt}{space 16}crt {c |}{col 21}{res}{space 2} 73.70291{col 33}{space 2}  134.566{col 44}{space 1}    0.55{col 53}{space 3}0.585{col 61}{space 4}-191.7878{col 74}{space 3} 339.1937
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-306.8779{col 33}{space 2} 257.4918{col 44}{space 1}   -1.19{col 53}{space 3}0.235{col 61}{space 4}-814.8939{col 74}{space 3} 201.1381
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 7.948497{col 33}{space 2} 47.80197{col 44}{space 1}    0.17{col 53}{space 3}0.868{col 61}{space 4}-86.36195{col 74}{space 3} 102.2589
{txt}{space 13}female {c |}{col 21}{res}{space 2}-508.2162{col 33}{space 2} 265.6552{col 44}{space 1}   -1.91{col 53}{space 3}0.057{col 61}{space 4}-1032.338{col 74}{space 3} 15.90582
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} -77.6633{col 33}{space 2} 182.0271{col 44}{space 1}   -0.43{col 53}{space 3}0.670{col 61}{space 4}-436.7919{col 74}{space 3} 281.4653
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 2381.823{col 33}{space 2}  587.693{col 44}{space 1}    4.05{col 53}{space 3}0.000{col 61}{space 4}  1222.34{col 74}{space 3} 3541.306
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 354.9181{col 26}{space 2} 151.0719{col 37}{space 1}    2.35{col 46}{space 3}0.020{col 54}{space 4} 56.86228{col 67}{space 3}  652.974
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}354.91812

{txt}added scalar:
               e(sd32) =  {res}151.07188

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 936.8777{col 26}{space 2} 243.0228{col 37}{space 1}    3.86{col 46}{space 3}0.000{col 54}{space 4} 457.4082{col 67}{space 3} 1416.347
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}936.87767

{txt}added scalar:
               e(sd42) =  {res}243.02276

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1936.963{col 26}{space 2} 593.9047{col 37}{space 1}    3.26{col 46}{space 3}0.001{col 54}{space 4} 765.2242{col 67}{space 3} 3108.701
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1936.9628

{txt}added scalar:
               e(sd52) =  {res}593.90468

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 730.6704{col 26}{space 2} 266.9923{col 37}{space 1}    2.74{col 46}{space 3}0.007{col 54}{space 4} 203.9106{col 67}{space 3}  1257.43
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}730.67045

{txt}added scalar:
               e(sd62) =  {res}266.99225

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 581.9595{col 26}{space 2} 266.3727{col 37}{space 1}    2.18{col 46}{space 3}0.030{col 54}{space 4} 56.42214{col 67}{space 3} 1107.497
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}581.95955

{txt}added scalar:
               e(sd43) =  {res}266.37265

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1582.045{col 26}{space 2}  576.857{col 37}{space 1}    2.74{col 46}{space 3}0.007{col 54}{space 4} 443.9402{col 67}{space 3} 2720.149
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1582.0447

{txt}added scalar:
               e(sd53) =  {res}576.85698

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 375.7523{col 26}{space 2} 272.5632{col 37}{space 1}    1.38{col 46}{space 3}0.170{col 54}{space 4}-161.9986{col 67}{space 3} 913.5033
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}375.75233

{txt}added scalar:
               e(sd63) =  {res}272.56319

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1000.085{col 26}{space 2} 632.4375{col 37}{space 1}    1.58{col 46}{space 3}0.116{col 54}{space 4}-247.6764{col 67}{space 3} 2247.847
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}1000.0852

{txt}added scalar:
               e(sd54) =  {res}632.43751

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-206.2072{col 26}{space 2}  329.245{col 37}{space 1}   -0.63{col 46}{space 3}0.532{col 54}{space 4} -855.788{col 67}{space 3} 443.3735
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-206.20722

{txt}added scalar:
               e(sd64) =  {res}329.24497

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1206.292{col 26}{space 2} 630.4827{col 37}{space 1}   -1.91{col 46}{space 3}0.057{col 54}{space 4}-2450.197{col 67}{space 3} 37.61241
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1206.2924

{txt}added scalar:
               e(sd65) =  {res}630.48266

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     3.39
                                                {txt}Prob > F          = {res}    0.0004
                                                {txt}R-squared         = {res}    0.0848
                                                {txt}Root MSE          =    {res}   1525

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse25{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-455.3989{col 33}{space 2} 133.2967{col 44}{space 1}   -3.42{col 53}{space 3}0.001{col 61}{space 4}-718.3853{col 74}{space 3}-192.4125
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} -379.377{col 33}{space 2} 126.2111{col 44}{space 1}   -3.01{col 53}{space 3}0.003{col 61}{space 4}-628.3839{col 74}{space 3}-130.3701
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}   207.53{col 33}{space 2} 279.4153{col 44}{space 1}    0.74{col 53}{space 3}0.459{col 61}{space 4}-343.7397{col 74}{space 3} 758.7997
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 731.1102{col 33}{space 2} 471.1873{col 44}{space 1}    1.55{col 53}{space 3}0.122{col 61}{space 4}-198.5142{col 74}{space 3} 1660.735
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-346.3507{col 33}{space 2} 156.1073{col 44}{space 1}   -2.22{col 53}{space 3}0.028{col 61}{space 4} -654.341{col 74}{space 3}-38.36029
{txt}{space 16}crt {c |}{col 21}{res}{space 2} -25.6117{col 33}{space 2} 54.75132{col 44}{space 1}   -0.47{col 53}{space 3}0.640{col 61}{space 4}-133.6328{col 74}{space 3} 82.40939
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-165.3334{col 33}{space 2} 107.9526{col 44}{space 1}   -1.53{col 53}{space 3}0.127{col 61}{space 4}-378.3176{col 74}{space 3} 47.65071
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-51.17795{col 33}{space 2} 50.98342{col 44}{space 1}   -1.00{col 53}{space 3}0.317{col 61}{space 4}-151.7652{col 74}{space 3} 49.40932
{txt}{space 13}female {c |}{col 21}{res}{space 2} -95.3857{col 33}{space 2} 180.5392{col 44}{space 1}   -0.53{col 53}{space 3}0.598{col 61}{space 4}-451.5788{col 74}{space 3} 260.8074
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 29.95636{col 33}{space 2} 112.7842{col 44}{space 1}    0.27{col 53}{space 3}0.791{col 61}{space 4}-192.5601{col 74}{space 3} 252.4728
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 1732.289{col 33}{space 2} 497.1543{col 44}{space 1}    3.48{col 53}{space 3}0.001{col 61}{space 4} 751.4335{col 74}{space 3} 2713.145
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 76.02191{col 26}{space 2} 101.8958{col 37}{space 1}    0.75{col 46}{space 3}0.457{col 54}{space 4}-125.0124{col 67}{space 3} 277.0562
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}76.021911

{txt}added scalar:
               e(sd32) =  {res}101.89577

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 662.9289{col 26}{space 2} 241.9965{col 37}{space 1}    2.74{col 46}{space 3}0.007{col 54}{space 4} 185.4841{col 67}{space 3} 1140.374
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}662.92889

{txt}added scalar:
               e(sd42) =  {res}241.99652

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1186.509{col 26}{space 2} 449.2024{col 37}{space 1}    2.64{col 46}{space 3}0.009{col 54}{space 4} 300.2596{col 67}{space 3} 2072.759
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1186.5092

{txt}added scalar:
               e(sd52) =  {res}449.20237

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 109.0483{col 26}{space 2} 138.1361{col 37}{space 1}    0.79{col 46}{space 3}0.431{col 54}{space 4}-163.4861{col 67}{space 3} 381.5827
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}109.04827

{txt}added scalar:
               e(sd62) =  {res}138.13614

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  586.907{col 26}{space 2} 255.0447{col 37}{space 1}    2.30{col 46}{space 3}0.023{col 54}{space 4} 83.71889{col 67}{space 3} 1090.095
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}586.90698

{txt}added scalar:
               e(sd43) =  {res}255.04473

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1110.487{col 26}{space 2} 470.1249{col 37}{space 1}    2.36{col 46}{space 3}0.019{col 54}{space 4} 182.9589{col 67}{space 3} 2038.016
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1110.4872

{txt}added scalar:
               e(sd53) =  {res}470.12485

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 33.02636{col 26}{space 2} 128.0704{col 37}{space 1}    0.26{col 46}{space 3}0.797{col 54}{space 4}-219.6488{col 67}{space 3} 285.7016
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}33.026355

{txt}added scalar:
               e(sd63) =  {res}128.07036

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 523.5803{col 26}{space 2} 523.7654{col 37}{space 1}    1.00{col 46}{space 3}0.319{col 54}{space 4}-509.7777{col 67}{space 3} 1556.938
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}523.58026

{txt}added scalar:
               e(sd54) =  {res}523.7654

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-553.8806{col 26}{space 2} 280.4639{col 37}{space 1}   -1.97{col 46}{space 3}0.050{col 54}{space 4}-1107.219{col 67}{space 3} -.541959
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-553.88062

{txt}added scalar:
               e(sd64) =  {res}280.46393

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1077.461{col 26}{space 2} 484.3991{col 37}{space 1}   -2.22{col 46}{space 3}0.027{col 54}{space 4}-2033.152{col 67}{space 3}-121.7702
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1077.4609

{txt}added scalar:
               e(sd65) =  {res}484.39913

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.36
                                                {txt}Prob > F          = {res}    0.0006
                                                {txt}R-squared         = {res}    0.1570
                                                {txt}Root MSE          =    {res} 643.37

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse26{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-311.2306{col 33}{space 2} 99.63257{col 44}{space 1}   -3.12{col 53}{space 3}0.002{col 61}{space 4}-508.2219{col 74}{space 3}-114.2393
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-50.45992{col 33}{space 2} 105.1447{col 44}{space 1}   -0.48{col 53}{space 3}0.632{col 61}{space 4}-258.3497{col 74}{space 3} 157.4298
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-84.10867{col 33}{space 2} 144.3787{col 44}{space 1}   -0.58{col 53}{space 3}0.561{col 61}{space 4}-369.5711{col 74}{space 3} 201.3538
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 320.6205{col 33}{space 2} 281.6808{col 44}{space 1}    1.14{col 53}{space 3}0.257{col 61}{space 4}-236.3126{col 74}{space 3} 877.5536
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-332.1042{col 33}{space 2} 106.8926{col 44}{space 1}   -3.11{col 53}{space 3}0.002{col 61}{space 4}-543.4499{col 74}{space 3}-120.7584
{txt}{space 16}crt {c |}{col 21}{res}{space 2} 23.47731{col 33}{space 2} 44.70568{col 44}{space 1}    0.53{col 53}{space 3}0.600{col 61}{space 4}-64.91377{col 74}{space 3} 111.8684
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-160.4105{col 33}{space 2} 96.23225{col 44}{space 1}   -1.67{col 53}{space 3}0.098{col 61}{space 4}-350.6787{col 74}{space 3} 29.85779
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 40.75451{col 33}{space 2} 25.14567{col 44}{space 1}    1.62{col 53}{space 3}0.107{col 61}{space 4} -8.96295{col 74}{space 3} 90.47197
{txt}{space 13}female {c |}{col 21}{res}{space 2} -12.6686{col 33}{space 2} 97.51231{col 44}{space 1}   -0.13{col 53}{space 3}0.897{col 61}{space 4}-205.4678{col 74}{space 3} 180.1306
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 40.26379{col 33}{space 2} 104.4189{col 44}{space 1}    0.39{col 53}{space 3}0.700{col 61}{space 4} -166.191{col 74}{space 3} 246.7186
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 939.6014{col 33}{space 2} 160.4644{col 44}{space 1}    5.86{col 53}{space 3}0.000{col 61}{space 4} 622.3349{col 74}{space 3} 1256.868
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 260.7707{col 26}{space 2}  79.4267{col 37}{space 1}    3.28{col 46}{space 3}0.001{col 54}{space 4}   103.73{col 67}{space 3} 417.8114
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}260.77067

{txt}added scalar:
               e(sd32) =  {res}79.426702

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 227.1219{col 26}{space 2} 122.0161{col 37}{space 1}    1.86{col 46}{space 3}0.065{col 54}{space 4}-14.12561{col 67}{space 3} 468.3694
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}227.12191

{txt}added scalar:
               e(sd42) =  {res}122.01611

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 631.8511{col 26}{space 2} 268.0567{col 37}{space 1}    2.36{col 46}{space 3}0.020{col 54}{space 4} 101.8554{col 67}{space 3} 1161.847
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}631.85107

{txt}added scalar:
               e(sd52) =  {res}268.05668

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -20.8736{col 26}{space 2} 78.83529{col 37}{space 1}   -0.26{col 46}{space 3}0.792{col 54}{space 4} -176.745{col 67}{space 3} 134.9978
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-20.8736

{txt}added scalar:
               e(sd62) =  {res}78.835295

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-33.64875{col 26}{space 2} 126.3527{col 37}{space 1}   -0.27{col 46}{space 3}0.790{col 54}{space 4}-283.4705{col 67}{space 3}  216.173
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-33.648753

{txt}added scalar:
               e(sd43) =  {res}126.35271

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 371.0804{col 26}{space 2}  266.515{col 37}{space 1}    1.39{col 46}{space 3}0.166{col 54}{space 4}-155.8671{col 67}{space 3} 898.0279
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}371.08041

{txt}added scalar:
               e(sd53) =  {res}266.515

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-281.6443{col 26}{space 2} 89.00392{col 37}{space 1}   -3.16{col 46}{space 3}0.002{col 54}{space 4}-457.6208{col 67}{space 3}-105.6677
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-281.64427

{txt}added scalar:
               e(sd63) =  {res}89.003919

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 404.7292{col 26}{space 2} 261.6941{col 37}{space 1}    1.55{col 46}{space 3}0.124{col 54}{space 4}-112.6866{col 67}{space 3} 922.1449
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}404.72916

{txt}added scalar:
               e(sd54) =  {res}261.69409

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-247.9955{col 26}{space 2} 124.0929{col 37}{space 1}   -2.00{col 46}{space 3}0.048{col 54}{space 4}-493.3492{col 67}{space 3}-2.641874
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-247.99551

{txt}added scalar:
               e(sd64) =  {res}124.09286

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-652.7247{col 26}{space 2} 253.4054{col 37}{space 1}   -2.58{col 46}{space 3}0.011{col 54}{space 4}-1153.752{col 67}{space 3}-151.6971
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-652.72467

{txt}added scalar:
               e(sd65) =  {res}253.40542

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     8.33
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1340
                                                {txt}Root MSE          =    {res} 595.77

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse31{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-564.7941{col 33}{space 2} 105.9386{col 44}{space 1}   -5.33{col 53}{space 3}0.000{col 61}{space 4}-774.2535{col 74}{space 3}-355.3346
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-278.1397{col 33}{space 2} 107.8734{col 44}{space 1}   -2.58{col 53}{space 3}0.011{col 61}{space 4}-491.4245{col 74}{space 3} -64.8549
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 67.82081{col 33}{space 2} 276.5935{col 44}{space 1}    0.25{col 53}{space 3}0.807{col 61}{space 4}-479.0537{col 74}{space 3} 614.6953
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-279.4127{col 33}{space 2} 187.1925{col 44}{space 1}   -1.49{col 53}{space 3}0.138{col 61}{space 4}-649.5254{col 74}{space 3}  90.7001
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-536.9761{col 33}{space 2} 119.2885{col 44}{space 1}   -4.50{col 53}{space 3}0.000{col 61}{space 4}-772.8308{col 74}{space 3}-301.1215
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-16.49952{col 33}{space 2} 42.79414{col 44}{space 1}   -0.39{col 53}{space 3}0.700{col 61}{space 4}-101.1111{col 74}{space 3} 68.11211
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-3.509101{col 33}{space 2} 47.76766{col 44}{space 1}   -0.07{col 53}{space 3}0.942{col 61}{space 4}-97.95425{col 74}{space 3} 90.93605
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 23.50811{col 33}{space 2} 20.38633{col 44}{space 1}    1.15{col 53}{space 3}0.251{col 61}{space 4}-16.79928{col 74}{space 3}  63.8155
{txt}{space 13}female {c |}{col 21}{res}{space 2} 19.11541{col 33}{space 2}  84.0173{col 44}{space 1}    0.23{col 53}{space 3}0.820{col 61}{space 4}-147.0017{col 74}{space 3} 185.2325
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 34.01468{col 33}{space 2} 91.52727{col 44}{space 1}    0.37{col 53}{space 3}0.711{col 61}{space 4} -146.951{col 74}{space 3} 214.9804
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 955.0809{col 33}{space 2} 211.4774{col 44}{space 1}    4.52{col 53}{space 3}0.000{col 61}{space 4} 536.9524{col 74}{space 3} 1373.209
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 286.6543{col 26}{space 2} 61.14368{col 37}{space 1}    4.69{col 46}{space 3}0.000{col 54}{space 4} 165.7624{col 67}{space 3} 407.5463
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}286.65433

{txt}added scalar:
               e(sd32) =  {res}61.143681

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 632.6149{col 26}{space 2} 248.8546{col 37}{space 1}    2.54{col 46}{space 3}0.012{col 54}{space 4} 140.5851{col 67}{space 3} 1124.645
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}632.61487

{txt}added scalar:
               e(sd42) =  {res}248.85458

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 285.3814{col 26}{space 2} 171.4593{col 37}{space 1}    1.66{col 46}{space 3}0.098{col 54}{space 4}-53.62407{col 67}{space 3} 624.3868
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}285.38139

{txt}added scalar:
               e(sd52) =  {res}171.45927

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 27.81791{col 26}{space 2} 67.55865{col 37}{space 1}    0.41{col 46}{space 3}0.681{col 54}{space 4}-105.7575{col 67}{space 3} 161.3934
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}27.817915

{txt}added scalar:
               e(sd62) =  {res}67.558647

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 345.9605{col 26}{space 2}  265.398{col 37}{space 1}    1.30{col 46}{space 3}0.195{col 54}{space 4}-178.7784{col 67}{space 3} 870.6995
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}345.96054

{txt}added scalar:
               e(sd43) =  {res}265.39796

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.272943{col 26}{space 2} 167.4663{col 37}{space 1}   -0.01{col 46}{space 3}0.994{col 54}{space 4}-332.3836{col 67}{space 3} 329.8377
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.2729432

{txt}added scalar:
               e(sd53) =  {res}167.46632

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-258.8364{col 26}{space 2} 87.71081{col 37}{space 1}   -2.95{col 46}{space 3}0.004{col 54}{space 4}-432.2563{col 67}{space 3}-85.41655
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-258.83642

{txt}added scalar:
               e(sd63) =  {res}87.710813

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-347.2335{col 26}{space 2} 301.3861{col 37}{space 1}   -1.15{col 46}{space 3}0.251{col 54}{space 4}-943.1274{col 67}{space 3} 248.6604
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-347.23348

{txt}added scalar:
               e(sd54) =  {res}301.3861

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -604.797{col 26}{space 2} 233.5547{col 37}{space 1}   -2.59{col 46}{space 3}0.011{col 54}{space 4}-1066.576{col 67}{space 3}-143.0178
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-604.79696

{txt}added scalar:
               e(sd64) =  {res}233.55468

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-257.5635{col 26}{space 2} 169.7774{col 37}{space 1}   -1.52{col 46}{space 3}0.132{col 54}{space 4}-593.2435{col 67}{space 3} 78.11658
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-257.56347

{txt}added scalar:
               e(sd65) =  {res}169.77738

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.29
                                                {txt}Prob > F          = {res}    0.0007
                                                {txt}R-squared         = {res}    0.1901
                                                {txt}Root MSE          =    {res} 433.49

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              mse35{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-510.1727{col 33}{space 2} 112.8327{col 44}{space 1}   -4.52{col 53}{space 3}0.000{col 61}{space 4} -733.263{col 74}{space 3}-287.0824
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-308.3993{col 33}{space 2} 117.7108{col 44}{space 1}   -2.62{col 53}{space 3}0.010{col 61}{space 4}-541.1345{col 74}{space 3}-75.66408
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-175.4001{col 33}{space 2} 133.7593{col 44}{space 1}   -1.31{col 53}{space 3}0.192{col 61}{space 4} -439.866{col 74}{space 3} 89.06589
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-69.39777{col 33}{space 2} 162.2678{col 44}{space 1}   -0.43{col 53}{space 3}0.670{col 61}{space 4}  -390.23{col 74}{space 3} 251.4344
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} -420.207{col 33}{space 2}  127.821{col 44}{space 1}   -3.29{col 53}{space 3}0.001{col 61}{space 4}-672.9318{col 74}{space 3}-167.4821
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-28.71686{col 33}{space 2} 35.29978{col 44}{space 1}   -0.81{col 53}{space 3}0.417{col 61}{space 4}-98.51079{col 74}{space 3} 41.07708
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} -56.6916{col 33}{space 2} 62.76346{col 44}{space 1}   -0.90{col 53}{space 3}0.368{col 61}{space 4}-180.7861{col 74}{space 3} 67.40291
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 25.92968{col 33}{space 2} 16.68089{col 44}{space 1}    1.55{col 53}{space 3}0.122{col 61}{space 4}-7.051409{col 74}{space 3} 58.91077
{txt}{space 13}female {c |}{col 21}{res}{space 2}-30.42218{col 33}{space 2} 70.31393{col 44}{space 1}   -0.43{col 53}{space 3}0.666{col 61}{space 4}-169.4453{col 74}{space 3} 108.6009
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}   37.342{col 33}{space 2} 59.21866{col 44}{space 1}    0.63{col 53}{space 3}0.529{col 61}{space 4}-79.74381{col 74}{space 3} 154.4278
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 973.8133{col 33}{space 2}  170.405{col 44}{space 1}    5.71{col 53}{space 3}0.000{col 61}{space 4} 636.8922{col 74}{space 3} 1310.734
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 201.7735{col 26}{space 2} 85.06127{col 37}{space 1}    2.37{col 46}{space 3}0.019{col 54}{space 4}  33.5922{col 67}{space 3} 369.9547
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}201.77345

{txt}added scalar:
               e(sd32) =  {res}85.06127

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 334.7727{col 26}{space 2} 103.7809{col 37}{space 1}    3.23{col 46}{space 3}0.002{col 54}{space 4} 129.5793{col 67}{space 3}  539.966
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}334.77267

{txt}added scalar:
               e(sd42) =  {res}103.78092

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  440.775{col 26}{space 2} 139.7535{col 37}{space 1}    3.15{col 46}{space 3}0.002{col 54}{space 4} 164.4574{col 67}{space 3} 717.0925
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}440.77495

{txt}added scalar:
               e(sd52) =  {res}139.75352

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 89.96576{col 26}{space 2} 100.8306{col 37}{space 1}    0.89{col 46}{space 3}0.374{col 54}{space 4}-109.3942{col 67}{space 3} 289.3257
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}89.965761

{txt}added scalar:
               e(sd62) =  {res}100.83058

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 132.9992{col 26}{space 2} 106.9862{col 37}{space 1}    1.24{col 46}{space 3}0.216{col 54}{space 4}-78.53154{col 67}{space 3}   344.53
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}132.99922

{txt}added scalar:
               e(sd43) =  {res}106.98621

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 239.0015{col 26}{space 2} 139.7879{col 37}{space 1}    1.71{col 46}{space 3}0.090{col 54}{space 4}-37.38412{col 67}{space 3} 515.3871
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}239.0015

{txt}added scalar:
               e(sd53) =  {res}139.78795

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-111.8077{col 26}{space 2} 101.2722{col 37}{space 1}   -1.10{col 46}{space 3}0.271{col 54}{space 4}-312.0409{col 67}{space 3} 88.42548
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-111.80769

{txt}added scalar:
               e(sd63) =  {res}101.27222

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 106.0023{col 26}{space 2}   145.32{col 37}{space 1}    0.73{col 46}{space 3}0.467{col 54}{space 4}-181.3211{col 67}{space 3} 393.3257
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}106.00229

{txt}added scalar:
               e(sd54) =  {res}145.31995

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-244.8069{col 26}{space 2} 115.4838{col 37}{space 1}   -2.12{col 46}{space 3}0.036{col 54}{space 4}-473.1389{col 67}{space 3}-16.47487
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-244.8069

{txt}added scalar:
               e(sd64) =  {res}115.48382

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       mse35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-350.8092{col 26}{space 2} 148.3458{col 37}{space 1}   -2.36{col 46}{space 3}0.019{col 54}{space 4}-644.1153{col 67}{space 3} -57.5031
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-350.80919

{txt}added scalar:
               e(sd65) =  {res}148.34584
{txt}
{com}. 
. esttab mse* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  , fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd))  collabels(none) title(" mse")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. *contribution rate
. est clear
{txt}
{com}.  foreach i of numlist 1(5)11 15{c -(}
{txt}  2{com}. reg contribution2endowment`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. est store contribution2endowment`i'
{txt} 11{com}. {c )-}
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     5.15
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2042
                                                {txt}Root MSE          =    {res} .07671

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2end~t1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2}-.0121374{col 33}{space 2} .0175829{col 44}{space 1}   -0.69{col 53}{space 3}0.491{col 61}{space 4}-.0469417{col 74}{space 3} .0226668
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0251129{col 33}{space 2} .0172525{col 44}{space 1}   -1.46{col 53}{space 3}0.148{col 61}{space 4}-.0592632{col 74}{space 3} .0090373
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0935488{col 33}{space 2} .0197719{col 44}{space 1}   -4.73{col 53}{space 3}0.000{col 61}{space 4} -.132686{col 74}{space 3}-.0544116
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0002775{col 33}{space 2} .0057296{col 44}{space 1}    0.05{col 53}{space 3}0.961{col 61}{space 4}-.0110638{col 74}{space 3} .0116188
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.0020517{col 33}{space 2} .0099831{col 44}{space 1}   -0.21{col 53}{space 3}0.838{col 61}{space 4}-.0218126{col 74}{space 3} .0177092
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0006631{col 33}{space 2} .0027335{col 44}{space 1}    0.24{col 53}{space 3}0.809{col 61}{space 4}-.0047478{col 74}{space 3} .0060739
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0234513{col 33}{space 2} .0131074{col 44}{space 1}   -1.79{col 53}{space 3}0.076{col 61}{space 4}-.0493965{col 74}{space 3} .0024939
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0040958{col 33}{space 2} .0063395{col 44}{space 1}   -0.65{col 53}{space 3}0.519{col 61}{space 4}-.0166444{col 74}{space 3} .0084528
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .2042599{col 33}{space 2} .0321333{col 44}{space 1}    6.36{col 53}{space 3}0.000{col 61}{space 4}  .140654{col 74}{space 3} .2678657
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0121374{col 26}{space 2} .0175829{col 37}{space 1}   -0.69{col 46}{space 3}0.491{col 54}{space 4}-.0469417{col 67}{space 3} .0226668
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.01213743

{txt}added scalar:
               e(sd42) =  {res}.0175829

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0251129{col 26}{space 2} .0172525{col 37}{space 1}   -1.46{col 46}{space 3}0.148{col 54}{space 4}-.0592632{col 67}{space 3} .0090373
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.02511294

{txt}added scalar:
               e(sd52) =  {res}.01725248

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0935488{col 26}{space 2} .0197719{col 37}{space 1}   -4.73{col 46}{space 3}0.000{col 54}{space 4} -.132686{col 67}{space 3}-.0544116
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.09354878

{txt}added scalar:
               e(sd62) =  {res}.01977185

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0121374{col 26}{space 2} .0175829{col 37}{space 1}   -0.69{col 46}{space 3}0.491{col 54}{space 4}-.0469417{col 67}{space 3} .0226668
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.01213743

{txt}added scalar:
               e(sd43) =  {res}.0175829

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0251129{col 26}{space 2} .0172525{col 37}{space 1}   -1.46{col 46}{space 3}0.148{col 54}{space 4}-.0592632{col 67}{space 3} .0090373
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.02511294

{txt}added scalar:
               e(sd53) =  {res}.01725248

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0935488{col 26}{space 2} .0197719{col 37}{space 1}   -4.73{col 46}{space 3}0.000{col 54}{space 4} -.132686{col 67}{space 3}-.0544116
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.09354878

{txt}added scalar:
               e(sd63) =  {res}.01977185

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0129755{col 26}{space 2} .0161014{col 37}{space 1}   -0.81{col 46}{space 3}0.422{col 54}{space 4}-.0448473{col 67}{space 3} .0188963
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.01297551

{txt}added scalar:
               e(sd54) =  {res}.01610143

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0814114{col 26}{space 2} .0183925{col 37}{space 1}   -4.43{col 46}{space 3}0.000{col 54}{space 4}-.1178182{col 67}{space 3}-.0450045
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.08141135

{txt}added scalar:
               e(sd64) =  {res}.01839252

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0684358{col 26}{space 2} .0182951{col 37}{space 1}   -3.74{col 46}{space 3}0.000{col 54}{space 4}-.1046499{col 67}{space 3}-.0322218
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.06843584

{txt}added scalar:
               e(sd65) =  {res}.0182951
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     4.14
                                                {txt}Prob > F          = {res}    0.0002
                                                {txt}R-squared         = {res}    0.1361
                                                {txt}Root MSE          =    {res} .09931

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2endo~6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2} .0000517{col 33}{space 2} .0221767{col 44}{space 1}    0.00{col 53}{space 3}0.998{col 61}{space 4}-.0438457{col 74}{space 3} .0439491
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0043433{col 33}{space 2} .0227841{col 44}{space 1}    0.19{col 53}{space 3}0.849{col 61}{space 4}-.0407564{col 74}{space 3}  .049443
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0822192{col 33}{space 2} .0235447{col 44}{space 1}   -3.49{col 53}{space 3}0.001{col 61}{space 4}-.1288244{col 74}{space 3}-.0356139
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0032536{col 33}{space 2} .0078641{col 44}{space 1}   -0.41{col 53}{space 3}0.680{col 61}{space 4}-.0188201{col 74}{space 3} .0123128
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0072364{col 33}{space 2} .0132684{col 44}{space 1}    0.55{col 53}{space 3}0.586{col 61}{space 4}-.0190277{col 74}{space 3} .0335005
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0016271{col 33}{space 2} .0035263{col 44}{space 1}    0.46{col 53}{space 3}0.645{col 61}{space 4}-.0053529{col 74}{space 3} .0086071
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0275681{col 33}{space 2} .0169273{col 44}{space 1}   -1.63{col 53}{space 3}0.106{col 61}{space 4}-.0610746{col 74}{space 3} .0059383
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0032578{col 33}{space 2} .0082416{col 44}{space 1}   -0.40{col 53}{space 3}0.693{col 61}{space 4}-.0195716{col 74}{space 3} .0130561
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  .187954{col 33}{space 2} .0401779{col 44}{space 1}    4.68{col 53}{space 3}0.000{col 61}{space 4} .1084242{col 74}{space 3} .2674837
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0000517{col 26}{space 2} .0221767{col 37}{space 1}    0.00{col 46}{space 3}0.998{col 54}{space 4}-.0438457{col 67}{space 3} .0439491
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.00005173

{txt}added scalar:
               e(sd42) =  {res}.02217669

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0043433{col 26}{space 2} .0227841{col 37}{space 1}    0.19{col 46}{space 3}0.849{col 54}{space 4}-.0407564{col 67}{space 3}  .049443
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.00434331

{txt}added scalar:
               e(sd52) =  {res}.02278409

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0822192{col 26}{space 2} .0235447{col 37}{space 1}   -3.49{col 46}{space 3}0.001{col 54}{space 4}-.1288244{col 67}{space 3}-.0356139
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.08221919

{txt}added scalar:
               e(sd62) =  {res}.02354468

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0000517{col 26}{space 2} .0221767{col 37}{space 1}    0.00{col 46}{space 3}0.998{col 54}{space 4}-.0438457{col 67}{space 3} .0439491
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.00005173

{txt}added scalar:
               e(sd43) =  {res}.02217669

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0043433{col 26}{space 2} .0227841{col 37}{space 1}    0.19{col 46}{space 3}0.849{col 54}{space 4}-.0407564{col 67}{space 3}  .049443
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.00434331

{txt}added scalar:
               e(sd53) =  {res}.02278409

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0822192{col 26}{space 2} .0235447{col 37}{space 1}   -3.49{col 46}{space 3}0.001{col 54}{space 4}-.1288244{col 67}{space 3}-.0356139
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.08221919

{txt}added scalar:
               e(sd63) =  {res}.02354468

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0042916{col 26}{space 2} .0232332{col 37}{space 1}    0.18{col 46}{space 3}0.854{col 54}{space 4}-.0416972{col 67}{space 3} .0502803
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.00429157

{txt}added scalar:
               e(sd54) =  {res}.02323323

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0822709{col 26}{space 2} .0230896{col 37}{space 1}   -3.56{col 46}{space 3}0.001{col 54}{space 4}-.1279755{col 67}{space 3}-.0365664
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.08227092

{txt}added scalar:
               e(sd64) =  {res}.02308964

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0865625{col 26}{space 2} .0239996{col 37}{space 1}   -3.61{col 46}{space 3}0.000{col 54}{space 4}-.1340683{col 67}{space 3}-.0390567
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.0865625

{txt}added scalar:
               e(sd65) =  {res}.02399964
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     8.28
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2157
                                                {txt}Root MSE          =    {res} .09923

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2end~11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2} -.007651{col 33}{space 2} .0247862{col 44}{space 1}   -0.31{col 53}{space 3}0.758{col 61}{space 4}-.0567138{col 74}{space 3} .0414117
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0739108{col 33}{space 2}  .022125{col 44}{space 1}   -3.34{col 53}{space 3}0.001{col 61}{space 4} -.117706{col 74}{space 3}-.0301156
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.1223877{col 33}{space 2} .0207333{col 44}{space 1}   -5.90{col 53}{space 3}0.000{col 61}{space 4}-.1634279{col 74}{space 3}-.0813475
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0079081{col 33}{space 2} .0073563{col 44}{space 1}   -1.08{col 53}{space 3}0.284{col 61}{space 4}-.0224695{col 74}{space 3} .0066533
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0149247{col 33}{space 2}  .012768{col 44}{space 1}    1.17{col 53}{space 3}0.245{col 61}{space 4}-.0103488{col 74}{space 3} .0401982
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0013197{col 33}{space 2} .0030908{col 44}{space 1}    0.43{col 53}{space 3}0.670{col 61}{space 4}-.0047983{col 74}{space 3} .0074377
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0180361{col 33}{space 2} .0164261{col 44}{space 1}   -1.10{col 53}{space 3}0.274{col 61}{space 4}-.0505507{col 74}{space 3} .0144784
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0110835{col 33}{space 2}  .009787{col 44}{space 1}   -1.13{col 53}{space 3}0.260{col 61}{space 4}-.0304563{col 74}{space 3} .0082893
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1916138{col 33}{space 2} .0404695{col 44}{space 1}    4.73{col 53}{space 3}0.000{col 61}{space 4} .1115069{col 74}{space 3} .2717208
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.007651{col 26}{space 2} .0247862{col 37}{space 1}   -0.31{col 46}{space 3}0.758{col 54}{space 4}-.0567138{col 67}{space 3} .0414117
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.00765103

{txt}added scalar:
               e(sd42) =  {res}.02478619

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0739108{col 26}{space 2}  .022125{col 37}{space 1}   -3.34{col 46}{space 3}0.001{col 54}{space 4} -.117706{col 67}{space 3}-.0301156
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.07391081

{txt}added scalar:
               e(sd52) =  {res}.02212504

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1223877{col 26}{space 2} .0207333{col 37}{space 1}   -5.90{col 46}{space 3}0.000{col 54}{space 4}-.1634279{col 67}{space 3}-.0813475
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.1223877

{txt}added scalar:
               e(sd62) =  {res}.02073326

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.007651{col 26}{space 2} .0247862{col 37}{space 1}   -0.31{col 46}{space 3}0.758{col 54}{space 4}-.0567138{col 67}{space 3} .0414117
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.00765103

{txt}added scalar:
               e(sd43) =  {res}.02478619

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0739108{col 26}{space 2}  .022125{col 37}{space 1}   -3.34{col 46}{space 3}0.001{col 54}{space 4} -.117706{col 67}{space 3}-.0301156
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.07391081

{txt}added scalar:
               e(sd53) =  {res}.02212504

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1223877{col 26}{space 2} .0207333{col 37}{space 1}   -5.90{col 46}{space 3}0.000{col 54}{space 4}-.1634279{col 67}{space 3}-.0813475
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.1223877

{txt}added scalar:
               e(sd63) =  {res}.02073326

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0662598{col 26}{space 2} .0214477{col 37}{space 1}   -3.09{col 46}{space 3}0.002{col 54}{space 4}-.1087141{col 67}{space 3}-.0238054
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.06625977

{txt}added scalar:
               e(sd54) =  {res}.02144767

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1147367{col 26}{space 2} .0194325{col 37}{space 1}   -5.90{col 46}{space 3}0.000{col 54}{space 4}-.1532021{col 67}{space 3}-.0762712
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.11473667

{txt}added scalar:
               e(sd64) =  {res}.01943251

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0484769{col 26}{space 2} .0166636{col 37}{space 1}   -2.91{col 46}{space 3}0.004{col 54}{space 4}-.0814615{col 67}{space 3}-.0154923
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.04847689

{txt}added scalar:
               e(sd65) =  {res}.01666361
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     6.69
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2131
                                                {txt}Root MSE          =    {res} .07976

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2end~15{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2}-.0065789{col 33}{space 2} .0194222{col 44}{space 1}   -0.34{col 53}{space 3}0.735{col 61}{space 4}-.0450239{col 74}{space 3} .0318661
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0315601{col 33}{space 2} .0184965{col 44}{space 1}   -1.71{col 53}{space 3}0.090{col 61}{space 4}-.0681728{col 74}{space 3} .0050525
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0993852{col 33}{space 2} .0192371{col 44}{space 1}   -5.17{col 53}{space 3}0.000{col 61}{space 4} -.137464{col 74}{space 3}-.0613065
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0036281{col 33}{space 2} .0064449{col 44}{space 1}   -0.56{col 53}{space 3}0.575{col 61}{space 4}-.0163854{col 74}{space 3} .0091293
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0067031{col 33}{space 2} .0112152{col 44}{space 1}    0.60{col 53}{space 3}0.551{col 61}{space 4}-.0154966{col 74}{space 3} .0289028
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0012033{col 33}{space 2} .0028658{col 44}{space 1}    0.42{col 53}{space 3}0.675{col 61}{space 4}-.0044694{col 74}{space 3} .0068759
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0230185{col 33}{space 2} .0139812{col 44}{space 1}   -1.65{col 53}{space 3}0.102{col 61}{space 4}-.0506935{col 74}{space 3} .0046565
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0061457{col 33}{space 2} .0063891{col 44}{space 1}   -0.96{col 53}{space 3}0.338{col 61}{space 4}-.0187926{col 74}{space 3} .0065012
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1946092{col 33}{space 2}  .034195{col 44}{space 1}    5.69{col 53}{space 3}0.000{col 61}{space 4} .1269224{col 74}{space 3}  .262296
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0065789{col 26}{space 2} .0194222{col 37}{space 1}   -0.34{col 46}{space 3}0.735{col 54}{space 4}-.0450239{col 67}{space 3} .0318661
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.00657891

{txt}added scalar:
               e(sd42) =  {res}.01942216

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0315601{col 26}{space 2} .0184965{col 37}{space 1}   -1.71{col 46}{space 3}0.090{col 54}{space 4}-.0681728{col 67}{space 3} .0050525
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.03156015

{txt}added scalar:
               e(sd52) =  {res}.01849647

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0993852{col 26}{space 2} .0192371{col 37}{space 1}   -5.17{col 46}{space 3}0.000{col 54}{space 4} -.137464{col 67}{space 3}-.0613065
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.09938522

{txt}added scalar:
               e(sd62) =  {res}.01923715

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0065789{col 26}{space 2} .0194222{col 37}{space 1}   -0.34{col 46}{space 3}0.735{col 54}{space 4}-.0450239{col 67}{space 3} .0318661
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.00657891

{txt}added scalar:
               e(sd43) =  {res}.01942216

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0315601{col 26}{space 2} .0184965{col 37}{space 1}   -1.71{col 46}{space 3}0.090{col 54}{space 4}-.0681728{col 67}{space 3} .0050525
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.03156015

{txt}added scalar:
               e(sd53) =  {res}.01849647

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0993852{col 26}{space 2} .0192371{col 37}{space 1}   -5.17{col 46}{space 3}0.000{col 54}{space 4} -.137464{col 67}{space 3}-.0613065
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.09938522

{txt}added scalar:
               e(sd63) =  {res}.01923715

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0249812{col 26}{space 2}  .018401{col 37}{space 1}   -1.36{col 46}{space 3}0.177{col 54}{space 4}-.0614048{col 67}{space 3} .0114424
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.02498124

{txt}added scalar:
               e(sd54) =  {res}.01840097

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0928063{col 26}{space 2} .0185194{col 37}{space 1}   -5.01{col 46}{space 3}0.000{col 54}{space 4}-.1294643{col 67}{space 3}-.0561483
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.09280631

{txt}added scalar:
               e(sd64) =  {res}.0185194

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0678251{col 26}{space 2} .0177386{col 37}{space 1}   -3.82{col 46}{space 3}0.000{col 54}{space 4}-.1029375{col 67}{space 3}-.0327127
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.06782508

{txt}added scalar:
               e(sd65) =  {res}.01773857
{txt}
{com}. 
. 
. *saving rate
.  foreach i of numlist 1(5)11 15{c -(}
{txt}  2{com}. reg totalsaving2endowment`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum totalsaving2endowment`i' if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. 
. est store totalsaving2endowment`i'
{txt} 18{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     7.51
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1826
                                                {txt}Root MSE          =    {res} .08154

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2endo~t1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.0563626{col 33}{space 2} .0185188{col 44}{space 1}   -3.04{col 53}{space 3}0.003{col 61}{space 4}-.0928991{col 74}{space 3} -.019826
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.0494794{col 33}{space 2} .0179929{col 44}{space 1}   -2.75{col 53}{space 3}0.007{col 61}{space 4}-.0849784{col 74}{space 3}-.0139804
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0223314{col 33}{space 2} .0149462{col 44}{space 1}   -1.49{col 53}{space 3}0.137{col 61}{space 4}-.0518193{col 74}{space 3} .0071565
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0179713{col 33}{space 2} .0139499{col 44}{space 1}    1.29{col 53}{space 3}0.199{col 61}{space 4} -.009551{col 74}{space 3} .0454936
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0530794{col 33}{space 2} .0195397{col 44}{space 1}   -2.72{col 53}{space 3}0.007{col 61}{space 4}  -.09163{col 74}{space 3}-.0145288
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0047285{col 33}{space 2} .0051211{col 44}{space 1}   -0.92{col 53}{space 3}0.357{col 61}{space 4}-.0148322{col 74}{space 3} .0053752
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0158152{col 33}{space 2} .0073569{col 44}{space 1}    2.15{col 53}{space 3}0.033{col 61}{space 4} .0013005{col 74}{space 3} .0303299
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0010258{col 33}{space 2}  .002402{col 44}{space 1}    0.43{col 53}{space 3}0.670{col 61}{space 4}-.0037133{col 74}{space 3} .0057649
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0440075{col 33}{space 2}   .01162{col 44}{space 1}   -3.79{col 53}{space 3}0.000{col 61}{space 4} -.066933{col 74}{space 3} -.021082
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0078586{col 33}{space 2} .0058238{col 44}{space 1}    1.35{col 53}{space 3}0.179{col 61}{space 4}-.0036314{col 74}{space 3} .0193487
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1945226{col 33}{space 2} .0263718{col 44}{space 1}    7.38{col 53}{space 3}0.000{col 61}{space 4} .1424927{col 74}{space 3} .2465526
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0068831{col 26}{space 2} .0219033{col 37}{space 1}    0.31{col 46}{space 3}0.754{col 54}{space 4}-.0363307{col 67}{space 3}  .050097
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.00688315

{txt}added scalar:
               e(sd32) =  {res}.02190327

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0340311{col 26}{space 2} .0196005{col 37}{space 1}    1.74{col 46}{space 3}0.084{col 54}{space 4}-.0046396{col 67}{space 3} .0727018
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.03403113

{txt}added scalar:
               e(sd42) =  {res}.01960054

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0743339{col 26}{space 2} .0184835{col 37}{space 1}    4.02{col 46}{space 3}0.000{col 54}{space 4} .0378671{col 67}{space 3} .1108006
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.07433388

{txt}added scalar:
               e(sd52) =  {res}.01848345

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0032832{col 26}{space 2} .0229462{col 37}{space 1}    0.14{col 46}{space 3}0.886{col 54}{space 4}-.0419883{col 67}{space 3} .0485547
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.00328321

{txt}added scalar:
               e(sd62) =  {res}.02294621

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .027148{col 26}{space 2} .0187807{col 37}{space 1}    1.45{col 46}{space 3}0.150{col 54}{space 4}-.0099053{col 67}{space 3} .0642013
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.02714799

{txt}added scalar:
               e(sd43) =  {res}.01878073

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0674507{col 26}{space 2} .0178594{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} .0322153{col 67}{space 3} .1026862
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.06745074

{txt}added scalar:
               e(sd53) =  {res}.01785937

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0035999{col 26}{space 2} .0224675{col 37}{space 1}   -0.16{col 46}{space 3}0.873{col 54}{space 4} -.047927{col 67}{space 3} .0407271
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.00359993

{txt}added scalar:
               e(sd63) =  {res}.02246749

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0403028{col 26}{space 2}  .014527{col 37}{space 1}    2.77{col 46}{space 3}0.006{col 54}{space 4} .0116419{col 67}{space 3} .0689636
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.04030275

{txt}added scalar:
               e(sd54) =  {res}.01452696

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0307479{col 26}{space 2} .0196724{col 37}{space 1}   -1.56{col 46}{space 3}0.120{col 54}{space 4}-.0695604{col 67}{space 3} .0080645
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.03074792

{txt}added scalar:
               e(sd64) =  {res}.01967239

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0710507{col 26}{space 2} .0189322{col 37}{space 1}   -3.75{col 46}{space 3}0.000{col 54}{space 4}-.1084028{col 67}{space 3}-.0336985
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.07105067

{txt}added scalar:
               e(sd65) =  {res}.01893223

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~t1 {c |}{res}          1    .1352028           .   .1352028   .1352028

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~t1 {c |}{res}          1    .1444666           .   .1444666   .1444666

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~t1 {c |}{res}          1    .1548312           .   .1548312   .1548312

{txt}added scalar:
             e(mean21) =  {res}.00926381

{txt}added scalar:
             e(mean31) =  {res}.01962841

{txt}added scalar:
             e(mean32) =  {res}.01036459

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    13.89
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3531
                                                {txt}Root MSE          =    {res} .12534

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2endow~6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.1138261{col 33}{space 2} .0254599{col 44}{space 1}   -4.47{col 53}{space 3}0.000{col 61}{space 4}-.1640569{col 74}{space 3}-.0635953
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} -.079808{col 33}{space 2} .0249582{col 44}{space 1}   -3.20{col 53}{space 3}0.002{col 61}{space 4} -.129049{col 74}{space 3} -.030567
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -.015304{col 33}{space 2} .0203726{col 44}{space 1}   -0.75{col 53}{space 3}0.453{col 61}{space 4} -.055498{col 74}{space 3} .0248899
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .1596454{col 33}{space 2} .0262001{col 44}{space 1}    6.09{col 53}{space 3}0.000{col 61}{space 4} .1079541{col 74}{space 3} .2113367
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .0081444{col 33}{space 2} .0317096{col 44}{space 1}    0.26{col 53}{space 3}0.798{col 61}{space 4}-.0544167{col 74}{space 3} .0707056
{txt}{space 16}crt {c |}{col 21}{res}{space 2}  -.00254{col 33}{space 2} .0080848{col 44}{space 1}   -0.31{col 53}{space 3}0.754{col 61}{space 4}-.0184908{col 74}{space 3} .0134108
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0156048{col 33}{space 2}   .01191{col 44}{space 1}    1.31{col 53}{space 3}0.192{col 61}{space 4}-.0078929{col 74}{space 3} .0391024
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0034544{col 33}{space 2} .0037858{col 44}{space 1}    0.91{col 53}{space 3}0.363{col 61}{space 4}-.0040147{col 74}{space 3} .0109235
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0519923{col 33}{space 2} .0173895{col 44}{space 1}   -2.99{col 53}{space 3}0.003{col 61}{space 4}-.0863008{col 74}{space 3}-.0176839
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .008001{col 33}{space 2} .0090235{col 44}{space 1}    0.89{col 53}{space 3}0.376{col 61}{space 4}-.0098019{col 74}{space 3} .0258039
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1693144{col 33}{space 2} .0389397{col 44}{space 1}    4.35{col 53}{space 3}0.000{col 61}{space 4} .0924888{col 74}{space 3} .2461401
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .034018{col 26}{space 2} .0299852{col 37}{space 1}    1.13{col 46}{space 3}0.258{col 54}{space 4}-.0251409{col 67}{space 3}  .093177
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.03401805

{txt}added scalar:
               e(sd32) =  {res}.02998518

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .098522{col 26}{space 2} .0261728{col 37}{space 1}    3.76{col 46}{space 3}0.000{col 54}{space 4} .0468846{col 67}{space 3} .1501595
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.09852205

{txt}added scalar:
               e(sd42) =  {res}.02617282

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2734715{col 26}{space 2}  .030481{col 37}{space 1}    8.97{col 46}{space 3}0.000{col 54}{space 4} .2133343{col 67}{space 3} .3336086
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.27347148

{txt}added scalar:
               e(sd52) =  {res}.03048098

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1219705{col 26}{space 2} .0353624{col 37}{space 1}    3.45{col 46}{space 3}0.001{col 54}{space 4} .0522026{col 67}{space 3} .1917384
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.12197049

{txt}added scalar:
               e(sd62) =  {res}.03536237

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .064504{col 26}{space 2} .0249748{col 37}{space 1}    2.58{col 46}{space 3}0.011{col 54}{space 4} .0152302{col 67}{space 3} .1137778
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.064504

{txt}added scalar:
               e(sd43) =  {res}.02497479

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2394534{col 26}{space 2} .0298589{col 37}{space 1}    8.02{col 46}{space 3}0.000{col 54}{space 4} .1805435{col 67}{space 3} .2983633
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.23945344

{txt}added scalar:
               e(sd53) =  {res}.02985893

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0879524{col 26}{space 2} .0341305{col 37}{space 1}    2.58{col 46}{space 3}0.011{col 54}{space 4}  .020615{col 67}{space 3} .1552899
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.08795245

{txt}added scalar:
               e(sd63) =  {res}.03413052

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1749494{col 26}{space 2} .0262927{col 37}{space 1}    6.65{col 46}{space 3}0.000{col 54}{space 4} .1230754{col 67}{space 3} .2268234
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.17494944

{txt}added scalar:
               e(sd54) =  {res}.02629274

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0234484{col 26}{space 2} .0312803{col 37}{space 1}    0.75{col 46}{space 3}0.454{col 54}{space 4}-.0382657{col 67}{space 3} .0851626
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.02344845

{txt}added scalar:
               e(sd64) =  {res}.03128031

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~t6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.151501{col 26}{space 2} .0352622{col 37}{space 1}   -4.30{col 46}{space 3}0.000{col 54}{space 4}-.2210711{col 67}{space 3}-.0819308
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.15150099

{txt}added scalar:
               e(sd65) =  {res}.03526217

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~t6 {c |}{res}          1    .1691271           .   .1691271   .1691271

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~t6 {c |}{res}          1    .2685358           .   .2685358   .2685358

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~t6 {c |}{res}          1    .2868668           .   .2868668   .2868668

{txt}added scalar:
             e(mean21) =  {res}.0994087

{txt}added scalar:
             e(mean31) =  {res}.11773969

{txt}added scalar:
             e(mean32) =  {res}.01833099

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    18.66
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4842
                                                {txt}Root MSE          =    {res} .16218

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2endo~11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -.111691{col 33}{space 2} .0269045{col 44}{space 1}   -4.15{col 53}{space 3}0.000{col 61}{space 4} -.164772{col 74}{space 3}  -.05861
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.0951243{col 33}{space 2} .0275387{col 44}{space 1}   -3.45{col 53}{space 3}0.001{col 61}{space 4}-.1494566{col 74}{space 3} -.040792
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0178489{col 33}{space 2} .0246442{col 44}{space 1}   -0.72{col 53}{space 3}0.470{col 61}{space 4}-.0664704{col 74}{space 3} .0307725
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .3378767{col 33}{space 2} .0369895{col 44}{space 1}    9.13{col 53}{space 3}0.000{col 61}{space 4} .2648986{col 74}{space 3} .4108548
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .1076495{col 33}{space 2} .0430062{col 44}{space 1}    2.50{col 53}{space 3}0.013{col 61}{space 4} .0228007{col 74}{space 3} .1924982
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0099893{col 33}{space 2} .0096925{col 44}{space 1}   -1.03{col 53}{space 3}0.304{col 61}{space 4} -.029112{col 74}{space 3} .0091335
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0180369{col 33}{space 2} .0143667{col 44}{space 1}    1.26{col 53}{space 3}0.211{col 61}{space 4}-.0103077{col 74}{space 3} .0463816
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0021166{col 33}{space 2} .0048922{col 44}{space 1}    0.43{col 53}{space 3}0.666{col 61}{space 4}-.0075355{col 74}{space 3} .0117687
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0399237{col 33}{space 2} .0227457{col 44}{space 1}   -1.76{col 53}{space 3}0.081{col 61}{space 4}-.0847996{col 74}{space 3} .0049523
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0115071{col 33}{space 2} .0118252{col 44}{space 1}    0.97{col 53}{space 3}0.332{col 61}{space 4}-.0118233{col 74}{space 3} .0348375
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1424861{col 33}{space 2} .0486168{col 44}{space 1}    2.93{col 53}{space 3}0.004{col 61}{space 4}  .046568{col 74}{space 3} .2384042
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0165667{col 26}{space 2} .0320767{col 37}{space 1}    0.52{col 46}{space 3}0.606{col 54}{space 4}-.0467187{col 67}{space 3} .0798521
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.01656672

{txt}added scalar:
               e(sd32) =  {res}.0320767

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0938421{col 26}{space 2} .0287454{col 37}{space 1}    3.26{col 46}{space 3}0.001{col 54}{space 4} .0371291{col 67}{space 3} .1505551
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.09384208

{txt}added scalar:
               e(sd42) =  {res}.02874543

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4495677{col 26}{space 2}  .039744{col 37}{space 1}   11.31{col 46}{space 3}0.000{col 54}{space 4} .3711552{col 67}{space 3} .5279802
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.44956769

{txt}added scalar:
               e(sd52) =  {res}.03974396

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2193405{col 26}{space 2} .0450118{col 37}{space 1}    4.87{col 46}{space 3}0.000{col 54}{space 4}  .130535{col 67}{space 3}  .308146
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.2193405

{txt}added scalar:
               e(sd62) =  {res}.04501175

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0772754{col 26}{space 2}  .028792{col 37}{space 1}    2.68{col 46}{space 3}0.008{col 54}{space 4} .0204704{col 67}{space 3} .1340804
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.07727536

{txt}added scalar:
               e(sd43) =  {res}.02879204

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .433001{col 26}{space 2} .0394363{col 37}{space 1}   10.98{col 46}{space 3}0.000{col 54}{space 4} .3551956{col 67}{space 3} .5108064
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.43300097

{txt}added scalar:
               e(sd53) =  {res}.03943626

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2027738{col 26}{space 2} .0448035{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .1143792{col 67}{space 3} .2911683
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.20277378

{txt}added scalar:
               e(sd63) =  {res}.04480346

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3557256{col 26}{space 2} .0384786{col 37}{space 1}    9.24{col 46}{space 3}0.000{col 54}{space 4} .2798095{col 67}{space 3} .4316417
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.35572561

{txt}added scalar:
               e(sd54) =  {res}.03847865

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1254984{col 26}{space 2} .0439611{col 37}{space 1}    2.85{col 46}{space 3}0.005{col 54}{space 4} .0387658{col 67}{space 3}  .212231
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.12549842

{txt}added scalar:
               e(sd64) =  {res}.04396107

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2302272{col 26}{space 2} .0511729{col 37}{space 1}   -4.50{col 46}{space 3}0.000{col 54}{space 4}-.3311883{col 67}{space 3}-.1292661
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.23022719

{txt}added scalar:
               e(sd65) =  {res}.05117291

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~t11 {c |}{res}          1    .0376754           .   .0376754   .0376754

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~t11 {c |}{res}          1    .2775376           .   .2775376   .2775376

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~t11 {c |}{res}          1    .3140884           .   .3140884   .3140884

{txt}added scalar:
             e(mean21) =  {res}.23986218

{txt}added scalar:
             e(mean31) =  {res}.276413

{txt}added scalar:
             e(mean32) =  {res}.03655082

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    17.96
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4310
                                                {txt}Root MSE          =    {res} .10529

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2endo~15{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.0939599{col 33}{space 2} .0184511{col 44}{space 1}   -5.09{col 53}{space 3}0.000{col 61}{space 4}-.1303628{col 74}{space 3} -.057557
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.0748039{col 33}{space 2}  .019693{col 44}{space 1}   -3.80{col 53}{space 3}0.000{col 61}{space 4}-.1136571{col 74}{space 3}-.0359507
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0184948{col 33}{space 2} .0173232{col 44}{space 1}   -1.07{col 53}{space 3}0.287{col 61}{space 4}-.0526724{col 74}{space 3} .0156828
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .1718311{col 33}{space 2} .0233182{col 44}{space 1}    7.37{col 53}{space 3}0.000{col 61}{space 4} .1258258{col 74}{space 3} .2178365
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .0209048{col 33}{space 2} .0298685{col 44}{space 1}    0.70{col 53}{space 3}0.485{col 61}{space 4} -.038024{col 74}{space 3} .0798337
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0057526{col 33}{space 2} .0068865{col 44}{space 1}   -0.84{col 53}{space 3}0.405{col 61}{space 4}-.0193392{col 74}{space 3}  .007834
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0164856{col 33}{space 2} .0099452{col 44}{space 1}    1.66{col 53}{space 3}0.099{col 61}{space 4}-.0031357{col 74}{space 3} .0361069
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0021989{col 33}{space 2} .0033637{col 44}{space 1}    0.65{col 53}{space 3}0.514{col 61}{space 4}-.0044375{col 74}{space 3} .0088353
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0453078{col 33}{space 2} .0149587{col 44}{space 1}   -3.03{col 53}{space 3}0.003{col 61}{space 4}-.0748204{col 74}{space 3}-.0157953
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0091222{col 33}{space 2} .0071832{col 44}{space 1}    1.27{col 53}{space 3}0.206{col 61}{space 4}-.0050498{col 74}{space 3} .0232942
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1687744{col 33}{space 2} .0344635{col 44}{space 1}    4.90{col 53}{space 3}0.000{col 61}{space 4}   .10078{col 74}{space 3} .2367687
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .019156{col 26}{space 2} .0219393{col 37}{space 1}    0.87{col 46}{space 3}0.384{col 54}{space 4}-.0241289{col 67}{space 3} .0624409
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.01915597

{txt}added scalar:
               e(sd32) =  {res}.02193928

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0754651{col 26}{space 2}  .019739{col 37}{space 1}    3.82{col 46}{space 3}0.000{col 54}{space 4} .0365212{col 67}{space 3}  .114409
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.07546508

{txt}added scalar:
               e(sd42) =  {res}.01973902

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .265791{col 26}{space 2} .0246902{col 37}{space 1}   10.77{col 46}{space 3}0.000{col 54}{space 4} .2170788{col 67}{space 3} .3145033
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.26579102

{txt}added scalar:
               e(sd52) =  {res}.02469017

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1148647{col 26}{space 2} .0308617{col 37}{space 1}    3.72{col 46}{space 3}0.000{col 54}{space 4} .0539764{col 67}{space 3}  .175753
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.11486473

{txt}added scalar:
               e(sd62) =  {res}.0308617

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0563091{col 26}{space 2}  .020058{col 37}{space 1}    2.81{col 46}{space 3}0.006{col 54}{space 4} .0167359{col 67}{space 3} .0958823
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.05630911

{txt}added scalar:
               e(sd43) =  {res}.02005797

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .246635{col 26}{space 2} .0252766{col 37}{space 1}    9.76{col 46}{space 3}0.000{col 54}{space 4} .1967658{col 67}{space 3} .2965043
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.24663505

{txt}added scalar:
               e(sd53) =  {res}.02527662

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0957088{col 26}{space 2} .0310638{col 37}{space 1}    3.08{col 46}{space 3}0.002{col 54}{space 4} .0344218{col 67}{space 3} .1569957
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.09570876

{txt}added scalar:
               e(sd63) =  {res}.03106376

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1903259{col 26}{space 2}  .023641{col 37}{space 1}    8.05{col 46}{space 3}0.000{col 54}{space 4} .1436836{col 67}{space 3} .2369683
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.19032594

{txt}added scalar:
               e(sd54) =  {res}.02364104

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0393997{col 26}{space 2} .0297896{col 37}{space 1}    1.32{col 46}{space 3}0.188{col 54}{space 4}-.0193734{col 67}{space 3} .0981727
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.03939965

{txt}added scalar:
               e(sd64) =  {res}.02978957

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~t15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1509263{col 26}{space 2} .0332901{col 37}{space 1}   -4.53{col 46}{space 3}0.000{col 54}{space 4}-.2166057{col 67}{space 3}-.0852469
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.15092629

{txt}added scalar:
               e(sd65) =  {res}.0332901

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~t15 {c |}{res}          1    .1140018           .   .1140018   .1140018

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~t15 {c |}{res}          1      .23018           .     .23018     .23018

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~t15 {c |}{res}          1    .2519288           .   .2519288   .2519288

{txt}added scalar:
             e(mean21) =  {res}.11617822

{txt}added scalar:
             e(mean31) =  {res}.13792705

{txt}added scalar:
             e(mean32) =  {res}.02174883
{txt}
{com}. 
. 
. 
. 
. 
. esttab contribution2endowment* totalsaving2endowment* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32 , fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title("to endowment ratio")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. est clear
{txt}
{com}. 
. 
. *alternative measures of contribution and saving rates
.  foreach i of numlist 1(5)11 15{c -(}
{txt}  2{com}. reg contribution2aftertaxinc`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. est store contribution2aftertaxinc`i'
{txt} 11{com}. 
. {c )-}
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     5.57
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2177
                                                {txt}Root MSE          =    {res} .08297

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2aft~c1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2} -.012976{col 33}{space 2} .0194577{col 44}{space 1}   -0.67{col 53}{space 3}0.506{col 61}{space 4}-.0514914{col 74}{space 3} .0255394
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0329811{col 33}{space 2}  .018743{col 44}{space 1}   -1.76{col 53}{space 3}0.081{col 61}{space 4}-.0700818{col 74}{space 3} .0041195
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.1060782{col 33}{space 2} .0213306{col 44}{space 1}   -4.97{col 53}{space 3}0.000{col 61}{space 4}-.1483009{col 74}{space 3}-.0638555
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0003327{col 33}{space 2} .0062102{col 44}{space 1}    0.05{col 53}{space 3}0.957{col 61}{space 4}-.0119599{col 74}{space 3} .0126254
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.0023694{col 33}{space 2} .0108145{col 44}{space 1}   -0.22{col 53}{space 3}0.827{col 61}{space 4} -.023776{col 74}{space 3} .0190372
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0006847{col 33}{space 2} .0029632{col 44}{space 1}    0.23{col 53}{space 3}0.818{col 61}{space 4}-.0051807{col 74}{space 3}   .00655
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0248116{col 33}{space 2} .0141916{col 44}{space 1}   -1.75{col 53}{space 3}0.083{col 61}{space 4}-.0529031{col 74}{space 3} .0032799
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0048341{col 33}{space 2} .0068226{col 44}{space 1}   -0.71{col 53}{space 3}0.480{col 61}{space 4}-.0183391{col 74}{space 3} .0086709
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .2251127{col 33}{space 2} .0350496{col 44}{space 1}    6.42{col 53}{space 3}0.000{col 61}{space 4}  .155734{col 74}{space 3} .2944913
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.012976{col 26}{space 2} .0194577{col 37}{space 1}   -0.67{col 46}{space 3}0.506{col 54}{space 4}-.0514914{col 67}{space 3} .0255394
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.012976

{txt}added scalar:
               e(sd42) =  {res}.01945774

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0329811{col 26}{space 2}  .018743{col 37}{space 1}   -1.76{col 46}{space 3}0.081{col 54}{space 4}-.0700818{col 67}{space 3} .0041195
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.03298112

{txt}added scalar:
               e(sd52) =  {res}.01874302

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1060782{col 26}{space 2} .0213306{col 37}{space 1}   -4.97{col 46}{space 3}0.000{col 54}{space 4}-.1483009{col 67}{space 3}-.0638555
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.1060782

{txt}added scalar:
               e(sd62) =  {res}.02133064

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.012976{col 26}{space 2} .0194577{col 37}{space 1}   -0.67{col 46}{space 3}0.506{col 54}{space 4}-.0514914{col 67}{space 3} .0255394
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.012976

{txt}added scalar:
               e(sd43) =  {res}.01945774

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0329811{col 26}{space 2}  .018743{col 37}{space 1}   -1.76{col 46}{space 3}0.081{col 54}{space 4}-.0700818{col 67}{space 3} .0041195
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.03298112

{txt}added scalar:
               e(sd53) =  {res}.01874302

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1060782{col 26}{space 2} .0213306{col 37}{space 1}   -4.97{col 46}{space 3}0.000{col 54}{space 4}-.1483009{col 67}{space 3}-.0638555
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.1060782

{txt}added scalar:
               e(sd63) =  {res}.02133064

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0200051{col 26}{space 2} .0173936{col 37}{space 1}   -1.15{col 46}{space 3}0.252{col 54}{space 4}-.0544347{col 67}{space 3} .0144245
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.02000513

{txt}added scalar:
               e(sd54) =  {res}.01739362

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0931022{col 26}{space 2} .0196903{col 37}{space 1}   -4.73{col 46}{space 3}0.000{col 54}{space 4} -.132078{col 67}{space 3}-.0541264
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.0931022

{txt}added scalar:
               e(sd64) =  {res}.01969033

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0730971{col 26}{space 2} .0193214{col 37}{space 1}   -3.78{col 46}{space 3}0.000{col 54}{space 4}-.1113426{col 67}{space 3}-.0348515
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.07309707

{txt}added scalar:
               e(sd65) =  {res}.01932141
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     5.11
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1611
                                                {txt}Root MSE          =    {res} .10215

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2afte~6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2}-.0000421{col 33}{space 2} .0244163{col 44}{space 1}   -0.00{col 53}{space 3}0.999{col 61}{space 4}-.0483727{col 74}{space 3} .0482885
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0192534{col 33}{space 2} .0233984{col 44}{space 1}   -0.82{col 53}{space 3}0.412{col 61}{space 4}-.0655691{col 74}{space 3} .0270622
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.1021348{col 33}{space 2} .0240275{col 44}{space 1}   -4.25{col 53}{space 3}0.000{col 61}{space 4}-.1496958{col 74}{space 3}-.0545737
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0031776{col 33}{space 2} .0080977{col 44}{space 1}   -0.39{col 53}{space 3}0.695{col 61}{space 4}-.0192064{col 74}{space 3} .0128513
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0076338{col 33}{space 2} .0136491{col 44}{space 1}    0.56{col 53}{space 3}0.577{col 61}{space 4}-.0193837{col 74}{space 3} .0346514
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0014332{col 33}{space 2} .0036312{col 44}{space 1}    0.39{col 53}{space 3}0.694{col 61}{space 4}-.0057544{col 74}{space 3} .0086208
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0252527{col 33}{space 2} .0174287{col 44}{space 1}   -1.45{col 53}{space 3}0.150{col 61}{space 4}-.0597517{col 74}{space 3} .0092464
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0051019{col 33}{space 2} .0085349{col 44}{space 1}   -0.60{col 53}{space 3}0.551{col 61}{space 4}-.0219963{col 74}{space 3} .0117925
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}   .20703{col 33}{space 2} .0418818{col 44}{space 1}    4.94{col 53}{space 3}0.000{col 61}{space 4} .1241275{col 74}{space 3} .2899325
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0000421{col 26}{space 2} .0244163{col 37}{space 1}   -0.00{col 46}{space 3}0.999{col 54}{space 4}-.0483727{col 67}{space 3} .0482885
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.0000421

{txt}added scalar:
               e(sd42) =  {res}.02441629

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0192534{col 26}{space 2} .0233984{col 37}{space 1}   -0.82{col 46}{space 3}0.412{col 54}{space 4}-.0655691{col 67}{space 3} .0270622
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.01925345

{txt}added scalar:
               e(sd52) =  {res}.02339836

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1021348{col 26}{space 2} .0240275{col 37}{space 1}   -4.25{col 46}{space 3}0.000{col 54}{space 4}-.1496958{col 67}{space 3}-.0545737
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.10213477

{txt}added scalar:
               e(sd62) =  {res}.02402754

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0000421{col 26}{space 2} .0244163{col 37}{space 1}   -0.00{col 46}{space 3}0.999{col 54}{space 4}-.0483727{col 67}{space 3} .0482885
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.0000421

{txt}added scalar:
               e(sd43) =  {res}.02441629

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0192534{col 26}{space 2} .0233984{col 37}{space 1}   -0.82{col 46}{space 3}0.412{col 54}{space 4}-.0655691{col 67}{space 3} .0270622
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.01925345

{txt}added scalar:
               e(sd53) =  {res}.02339836

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1021348{col 26}{space 2} .0240275{col 37}{space 1}   -4.25{col 46}{space 3}0.000{col 54}{space 4}-.1496958{col 67}{space 3}-.0545737
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.10213477

{txt}added scalar:
               e(sd63) =  {res}.02402754

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0192113{col 26}{space 2} .0235547{col 37}{space 1}   -0.82{col 46}{space 3}0.416{col 54}{space 4}-.0658364{col 67}{space 3} .0274138
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.01921134

{txt}added scalar:
               e(sd54) =  {res}.02355471

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1020927{col 26}{space 2} .0232899{col 37}{space 1}   -4.38{col 46}{space 3}0.000{col 54}{space 4}-.1481937{col 67}{space 3}-.0559917
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.10209266

{txt}added scalar:
               e(sd64) =  {res}.02328994

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribut~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0828813{col 26}{space 2} .0227382{col 37}{space 1}   -3.65{col 46}{space 3}0.000{col 54}{space 4}-.1278902{col 67}{space 3}-.0378724
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.08288132

{txt}added scalar:
               e(sd65) =  {res}.02273822
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}    12.45
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2985
                                                {txt}Root MSE          =    {res} .10122

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2aft~11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2}-.0063731{col 33}{space 2} .0268998{col 44}{space 1}   -0.24{col 53}{space 3}0.813{col 61}{space 4}-.0596196{col 74}{space 3} .0468734
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.1123372{col 33}{space 2} .0222628{col 44}{space 1}   -5.05{col 53}{space 3}0.000{col 61}{space 4}-.1564051{col 74}{space 3}-.0682693
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} -.147052{col 33}{space 2}  .021322{col 44}{space 1}   -6.90{col 53}{space 3}0.000{col 61}{space 4}-.1892576{col 74}{space 3}-.1048463
{txt}{space 16}crt {c |}{col 21}{res}{space 2} -.007097{col 33}{space 2} .0075571{col 44}{space 1}   -0.94{col 53}{space 3}0.350{col 61}{space 4}-.0220558{col 74}{space 3} .0078619
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0161354{col 33}{space 2} .0131531{col 44}{space 1}    1.23{col 53}{space 3}0.222{col 61}{space 4}-.0099004{col 74}{space 3} .0421712
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0013139{col 33}{space 2} .0032254{col 44}{space 1}    0.41{col 53}{space 3}0.684{col 61}{space 4}-.0050706{col 74}{space 3} .0076985
{txt}{space 13}female {c |}{col 21}{res}{space 2} -.013752{col 33}{space 2}   .01692{col 44}{space 1}   -0.81{col 53}{space 3}0.418{col 61}{space 4}-.0472441{col 74}{space 3}   .01974
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} -.012761{col 33}{space 2}  .010014{col 44}{space 1}   -1.27{col 53}{space 3}0.205{col 61}{space 4}-.0325831{col 74}{space 3} .0070612
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .2019306{col 33}{space 2} .0424308{col 44}{space 1}    4.76{col 53}{space 3}0.000{col 61}{space 4} .1179414{col 74}{space 3} .2859198
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0063731{col 26}{space 2} .0268998{col 37}{space 1}   -0.24{col 46}{space 3}0.813{col 54}{space 4}-.0596196{col 67}{space 3} .0468734
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.00637314

{txt}added scalar:
               e(sd42) =  {res}.0268998

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1123372{col 26}{space 2} .0222628{col 37}{space 1}   -5.05{col 46}{space 3}0.000{col 54}{space 4}-.1564051{col 67}{space 3}-.0682693
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.11233721

{txt}added scalar:
               e(sd52) =  {res}.02226282

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.147052{col 26}{space 2}  .021322{col 37}{space 1}   -6.90{col 46}{space 3}0.000{col 54}{space 4}-.1892576{col 67}{space 3}-.1048463
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.14705197

{txt}added scalar:
               e(sd62) =  {res}.02132204

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0063731{col 26}{space 2} .0268998{col 37}{space 1}   -0.24{col 46}{space 3}0.813{col 54}{space 4}-.0596196{col 67}{space 3} .0468734
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.00637314

{txt}added scalar:
               e(sd43) =  {res}.0268998

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1123372{col 26}{space 2} .0222628{col 37}{space 1}   -5.05{col 46}{space 3}0.000{col 54}{space 4}-.1564051{col 67}{space 3}-.0682693
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.11233721

{txt}added scalar:
               e(sd53) =  {res}.02226282

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.147052{col 26}{space 2}  .021322{col 37}{space 1}   -6.90{col 46}{space 3}0.000{col 54}{space 4}-.1892576{col 67}{space 3}-.1048463
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.14705197

{txt}added scalar:
               e(sd63) =  {res}.02132204

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1059641{col 26}{space 2}  .021051{col 37}{space 1}   -5.03{col 46}{space 3}0.000{col 54}{space 4}-.1476333{col 67}{space 3}-.0642949
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.10596408

{txt}added scalar:
               e(sd54) =  {res}.02105101

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1406788{col 26}{space 2} .0194677{col 37}{space 1}   -7.23{col 46}{space 3}0.000{col 54}{space 4}-.1792139{col 67}{space 3}-.1021438
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.14067883

{txt}added scalar:
               e(sd64) =  {res}.01946765

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0347148{col 26}{space 2} .0136032{col 37}{space 1}   -2.55{col 46}{space 3}0.012{col 54}{space 4}-.0616415{col 67}{space 3}-.0077881
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.03471476

{txt}added scalar:
               e(sd65) =  {res}.0136032
{txt}note: t2 omitted because of collinearity
note: t3 omitted because of collinearity

Linear regression                               Number of obs     = {res}       248
                                                {txt}F(8, 123)         =  {res}     8.63
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2638
                                                {txt}Root MSE          =    {res} .08251

{txt}{ralign 85:(Std. Err. adjusted for {res:124} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}contribution2aft~15{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t3 {c |}{col 21}{res}{space 2}        0{col 33}{txt}  (omitted)
{space 17}t4 {c |}{col 21}{res}{space 2}-.0064637{col 33}{space 2} .0213819{col 44}{space 1}   -0.30{col 53}{space 3}0.763{col 61}{space 4} -.048788{col 74}{space 3} .0358605
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0548573{col 33}{space 2} .0190496{col 44}{space 1}   -2.88{col 53}{space 3}0.005{col 61}{space 4}-.0925649{col 74}{space 3}-.0171497
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.1184216{col 33}{space 2} .0198233{col 44}{space 1}   -5.97{col 53}{space 3}0.000{col 61}{space 4}-.1576607{col 74}{space 3}-.0791826
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0033139{col 33}{space 2} .0066976{col 44}{space 1}   -0.49{col 53}{space 3}0.622{col 61}{space 4}-.0165714{col 74}{space 3} .0099435
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0071333{col 33}{space 2} .0116487{col 44}{space 1}    0.61{col 53}{space 3}0.541{col 61}{space 4}-.0159247{col 74}{space 3} .0301912
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0011439{col 33}{space 2} .0029931{col 44}{space 1}    0.38{col 53}{space 3}0.703{col 61}{space 4}-.0047808{col 74}{space 3} .0070687
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0212721{col 33}{space 2} .0145203{col 44}{space 1}   -1.46{col 53}{space 3}0.145{col 61}{space 4}-.0500141{col 74}{space 3} .0074699
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0075657{col 33}{space 2} .0066057{col 44}{space 1}   -1.15{col 53}{space 3}0.254{col 61}{space 4}-.0206412{col 74}{space 3} .0055099
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .2113577{col 33}{space 2}  .036013{col 44}{space 1}    5.87{col 53}{space 3}0.000{col 61}{space 4} .1400722{col 74}{space 3} .2826433
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + o.t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}0

{txt}added scalar:
               e(sd32) =  {res}0

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0064637{col 26}{space 2} .0213819{col 37}{space 1}   -0.30{col 46}{space 3}0.763{col 54}{space 4} -.048788{col 67}{space 3} .0358605
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.00646374

{txt}added scalar:
               e(sd42) =  {res}.02138195

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0548573{col 26}{space 2} .0190496{col 37}{space 1}   -2.88{col 46}{space 3}0.005{col 54}{space 4}-.0925649{col 67}{space 3}-.0171497
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.05485726

{txt}added scalar:
               e(sd52) =  {res}.01904965

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1184216{col 26}{space 2} .0198233{col 37}{space 1}   -5.97{col 46}{space 3}0.000{col 54}{space 4}-.1576607{col 67}{space 3}-.0791826
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.11842164

{txt}added scalar:
               e(sd62) =  {res}.0198233

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0064637{col 26}{space 2} .0213819{col 37}{space 1}   -0.30{col 46}{space 3}0.763{col 54}{space 4} -.048788{col 67}{space 3} .0358605
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.00646374

{txt}added scalar:
               e(sd43) =  {res}.02138195

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0548573{col 26}{space 2} .0190496{col 37}{space 1}   -2.88{col 46}{space 3}0.005{col 54}{space 4}-.0925649{col 67}{space 3}-.0171497
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.05485726

{txt}added scalar:
               e(sd53) =  {res}.01904965

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- o.t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1184216{col 26}{space 2} .0198233{col 37}{space 1}   -5.97{col 46}{space 3}0.000{col 54}{space 4}-.1576607{col 67}{space 3}-.0791826
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.11842164

{txt}added scalar:
               e(sd63) =  {res}.0198233

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0483935{col 26}{space 2} .0186761{col 37}{space 1}   -2.59{col 46}{space 3}0.011{col 54}{space 4}-.0853617{col 67}{space 3}-.0114253
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.04839352

{txt}added scalar:
               e(sd54) =  {res}.01867609

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1119579{col 26}{space 2} .0187892{col 37}{space 1}   -5.96{col 46}{space 3}0.000{col 54}{space 4}-.1491499{col 67}{space 3}-.0747659
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.1119579

{txt}added scalar:
               e(sd64) =  {res}.01878917

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}contribu~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0635644{col 26}{space 2} .0165265{col 37}{space 1}   -3.85{col 46}{space 3}0.000{col 54}{space 4}-.0962776{col 67}{space 3}-.0308512
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.06356438

{txt}added scalar:
               e(sd65) =  {res}.01652651
{txt}
{com}. 
. 
. 
. 
.  foreach i of numlist 1(5)11 15{c -(}
{txt}  2{com}. reg totalsaving2aftertaxinc`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum totalsaving2aftertaxinc`i' if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. 
. est store totalsaving2aftertaxinc`i'
{txt} 18{com}. 
. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     7.64
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1898
                                                {txt}Root MSE          =    {res}  .0864

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2afte~c1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.0660324{col 33}{space 2} .0197735{col 44}{space 1}   -3.34{col 53}{space 3}0.001{col 61}{space 4}-.1050445{col 74}{space 3}-.0270204
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.0591186{col 33}{space 2} .0191746{col 44}{space 1}   -3.08{col 53}{space 3}0.002{col 61}{space 4}-.0969489{col 74}{space 3}-.0212883
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -.024137{col 33}{space 2} .0163505{col 44}{space 1}   -1.48{col 53}{space 3}0.142{col 61}{space 4}-.0563956{col 74}{space 3} .0081216
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}  .012531{col 33}{space 2} .0149832{col 44}{space 1}    0.84{col 53}{space 3}0.404{col 61}{space 4}  -.01703{col 74}{space 3} .0420919
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0627599{col 33}{space 2}  .020843{col 44}{space 1}   -3.01{col 53}{space 3}0.003{col 61}{space 4}-.1038818{col 74}{space 3} -.021638
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0050287{col 33}{space 2}  .005461{col 44}{space 1}   -0.92{col 53}{space 3}0.358{col 61}{space 4}-.0158029{col 74}{space 3} .0057455
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0167486{col 33}{space 2} .0078471{col 44}{space 1}    2.13{col 53}{space 3}0.034{col 61}{space 4} .0012666{col 74}{space 3} .0322305
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0010854{col 33}{space 2} .0025614{col 44}{space 1}    0.42{col 53}{space 3}0.672{col 61}{space 4}-.0039681{col 74}{space 3}  .006139
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0463788{col 33}{space 2}   .01232{col 44}{space 1}   -3.76{col 53}{space 3}0.000{col 61}{space 4}-.0706854{col 74}{space 3}-.0220723
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0078349{col 33}{space 2}   .00616{col 44}{space 1}    1.27{col 53}{space 3}0.205{col 61}{space 4}-.0043183{col 74}{space 3} .0199882
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .2146879{col 33}{space 2} .0283522{col 44}{space 1}    7.57{col 53}{space 3}0.000{col 61}{space 4} .1587508{col 74}{space 3}  .270625
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0069139{col 26}{space 2} .0230201{col 37}{space 1}    0.30{col 46}{space 3}0.764{col 54}{space 4}-.0385035{col 67}{space 3} .0523312
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.00691386

{txt}added scalar:
               e(sd32) =  {res}.02302011

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0418955{col 26}{space 2} .0208279{col 37}{space 1}    2.01{col 46}{space 3}0.046{col 54}{space 4} .0008032{col 67}{space 3} .0829877
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.04189546

{txt}added scalar:
               e(sd42) =  {res}.0208279

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0785634{col 26}{space 2} .0194103{col 37}{space 1}    4.05{col 46}{space 3}0.000{col 54}{space 4}  .040268{col 67}{space 3} .1168588
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.07856342

{txt}added scalar:
               e(sd52) =  {res}.01941033

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0032726{col 26}{space 2} .0241477{col 37}{space 1}    0.14{col 46}{space 3}0.892{col 54}{space 4}-.0443694{col 67}{space 3} .0509145
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.00327255

{txt}added scalar:
               e(sd62) =  {res}.0241477

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0349816{col 26}{space 2} .0199374{col 37}{space 1}    1.75{col 46}{space 3}0.081{col 54}{space 4}-.0043537{col 67}{space 3}  .074317
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.0349816

{txt}added scalar:
               e(sd43) =  {res}.01993742

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0716496{col 26}{space 2} .0186906{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .0347742{col 67}{space 3}  .108525
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.07164956

{txt}added scalar:
               e(sd53) =  {res}.01869058

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0036413{col 26}{space 2} .0236264{col 37}{space 1}   -0.15{col 46}{space 3}0.878{col 54}{space 4}-.0502548{col 67}{space 3} .0429722
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.0036413

{txt}added scalar:
               e(sd63) =  {res}.02362639

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .036668{col 26}{space 2} .0154937{col 37}{space 1}    2.37{col 46}{space 3}0.019{col 54}{space 4} .0060998{col 67}{space 3} .0672361
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.03666796

{txt}added scalar:
               e(sd54) =  {res}.01549372

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0386229{col 26}{space 2} .0208758{col 37}{space 1}   -1.85{col 46}{space 3}0.066{col 54}{space 4}-.0798096{col 67}{space 3} .0025638
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.03862291

{txt}added scalar:
               e(sd64) =  {res}.0208758

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0752909{col 26}{space 2} .0198814{col 37}{space 1}   -3.79{col 46}{space 3}0.000{col 54}{space 4}-.1145156{col 67}{space 3}-.0360661
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.07529086

{txt}added scalar:
               e(sd65) =  {res}.01988137

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~c1 {c |}{res}          1    .1501596           .   .1501596   .1501596

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~c1 {c |}{res}          1     .156908           .    .156908    .156908

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~c1 {c |}{res}          1    .1674582           .   .1674582   .1674582

{txt}added scalar:
             e(mean21) =  {res}.00674838

{txt}added scalar:
             e(mean31) =  {res}.01729859

{txt}added scalar:
             e(mean32) =  {res}.01055022

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    14.85
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3526
                                                {txt}Root MSE          =    {res} .12163

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2after~6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.1307232{col 33}{space 2} .0259651{col 44}{space 1}   -5.03{col 53}{space 3}0.000{col 61}{space 4}-.1819509{col 74}{space 3}-.0794955
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.1011343{col 33}{space 2} .0247208{col 44}{space 1}   -4.09{col 53}{space 3}0.000{col 61}{space 4} -.149907{col 74}{space 3}-.0523617
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0163635{col 33}{space 2} .0218375{col 44}{space 1}   -0.75{col 53}{space 3}0.455{col 61}{space 4}-.0594476{col 74}{space 3} .0267205
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .1315206{col 33}{space 2} .0254564{col 44}{space 1}    5.17{col 53}{space 3}0.000{col 61}{space 4} .0812966{col 74}{space 3} .1817445
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0129631{col 33}{space 2} .0304179{col 44}{space 1}   -0.43{col 53}{space 3}0.670{col 61}{space 4}-.0729758{col 74}{space 3} .0470496
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0030854{col 33}{space 2} .0079271{col 44}{space 1}   -0.39{col 53}{space 3}0.698{col 61}{space 4} -.018725{col 74}{space 3} .0125543
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0162762{col 33}{space 2} .0117638{col 44}{space 1}    1.38{col 53}{space 3}0.168{col 61}{space 4}-.0069331{col 74}{space 3} .0394855
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0030816{col 33}{space 2}  .003633{col 44}{space 1}    0.85{col 53}{space 3}0.397{col 61}{space 4} -.004086{col 74}{space 3} .0102493
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0483973{col 33}{space 2} .0168155{col 44}{space 1}   -2.88{col 53}{space 3}0.004{col 61}{space 4}-.0815732{col 74}{space 3}-.0152214
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0052255{col 33}{space 2}  .008823{col 44}{space 1}    0.59{col 53}{space 3}0.554{col 61}{space 4}-.0121818{col 74}{space 3} .0226328
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1902606{col 33}{space 2} .0382936{col 44}{space 1}    4.97{col 53}{space 3}0.000{col 61}{space 4} .1147096{col 74}{space 3} .2658117
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0295889{col 26}{space 2} .0289413{col 37}{space 1}    1.02{col 46}{space 3}0.308{col 54}{space 4}-.0275106{col 67}{space 3} .0866883
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.02958888

{txt}added scalar:
               e(sd32) =  {res}.0289413

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1143597{col 26}{space 2} .0263789{col 37}{space 1}    4.34{col 46}{space 3}0.000{col 54}{space 4} .0623156{col 67}{space 3} .1664037
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.11435966

{txt}added scalar:
               e(sd42) =  {res}.02637893

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2622438{col 26}{space 2}    .0291{col 37}{space 1}    9.01{col 46}{space 3}0.000{col 54}{space 4} .2048312{col 67}{space 3} .3196563
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.26224376

{txt}added scalar:
               e(sd52) =  {res}.02909999

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1177601{col 26}{space 2} .0334589{col 37}{space 1}    3.52{col 46}{space 3}0.001{col 54}{space 4} .0517478{col 67}{space 3} .1837725
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.11776011

{txt}added scalar:
               e(sd62) =  {res}.03345887

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0847708{col 26}{space 2} .0246465{col 37}{space 1}    3.44{col 46}{space 3}0.001{col 54}{space 4} .0361446{col 67}{space 3} .1333969
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.08477078

{txt}added scalar:
               e(sd43) =  {res}.02464654

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2326549{col 26}{space 2} .0278137{col 37}{space 1}    8.36{col 46}{space 3}0.000{col 54}{space 4} .1777801{col 67}{space 3} .2875297
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.23265489

{txt}added scalar:
               e(sd53) =  {res}.0278137

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0881712{col 26}{space 2} .0318596{col 37}{space 1}    2.77{col 46}{space 3}0.006{col 54}{space 4} .0253141{col 67}{space 3} .1510284
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.08817124

{txt}added scalar:
               e(sd63) =  {res}.03185964

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1478841{col 26}{space 2}  .025428{col 37}{space 1}    5.82{col 46}{space 3}0.000{col 54}{space 4} .0977161{col 67}{space 3} .1980521
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.14788411

{txt}added scalar:
               e(sd54) =  {res}.02542802

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0034005{col 26}{space 2} .0298621{col 37}{space 1}    0.11{col 46}{space 3}0.909{col 54}{space 4}-.0555156{col 67}{space 3} .0623165
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.00340046

{txt}added scalar:
               e(sd64) =  {res}.02986206

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsavi~c6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1444836{col 26}{space 2} .0326063{col 37}{space 1}   -4.43{col 46}{space 3}0.000{col 54}{space 4} -.208814{col 67}{space 3}-.0801533
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.14448365

{txt}added scalar:
               e(sd65) =  {res}.03260632

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~c6 {c |}{res}          1    .1897839           .   .1897839   .1897839

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~c6 {c |}{res}          1    .2750921           .   .2750921   .2750921

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsavi~c6 {c |}{res}          1      .28603           .     .28603     .28603

{txt}added scalar:
             e(mean21) =  {res}.08530812

{txt}added scalar:
             e(mean31) =  {res}.09624605

{txt}added scalar:
             e(mean32) =  {res}.01093793

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    20.89
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4534
                                                {txt}Root MSE          =    {res} .13799

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2afte~11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.1278904{col 33}{space 2}  .026429{col 44}{space 1}   -4.84{col 53}{space 3}0.000{col 61}{space 4}-.1800333{col 74}{space 3}-.0757475
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.1205309{col 33}{space 2} .0257138{col 44}{space 1}   -4.69{col 53}{space 3}0.000{col 61}{space 4}-.1712627{col 74}{space 3}-.0697991
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0172727{col 33}{space 2} .0256025{col 44}{space 1}   -0.67{col 53}{space 3}0.501{col 61}{space 4}-.0677848{col 74}{space 3} .0332395
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .2330715{col 33}{space 2} .0296534{col 44}{space 1}    7.86{col 53}{space 3}0.000{col 61}{space 4}  .174567{col 74}{space 3} .2915759
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .0575023{col 33}{space 2}  .034371{col 44}{space 1}    1.67{col 53}{space 3}0.096{col 61}{space 4}-.0103096{col 74}{space 3} .1253142
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0098637{col 33}{space 2} .0080628{col 44}{space 1}   -1.22{col 53}{space 3}0.223{col 61}{space 4}-.0257711{col 74}{space 3} .0060437
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0193516{col 33}{space 2} .0115778{col 44}{space 1}    1.67{col 53}{space 3}0.096{col 61}{space 4}-.0034907{col 74}{space 3} .0421938
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0010016{col 33}{space 2} .0040188{col 44}{space 1}    0.25{col 53}{space 3}0.803{col 61}{space 4}-.0069273{col 74}{space 3} .0089305
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0260806{col 33}{space 2} .0192712{col 44}{space 1}   -1.35{col 53}{space 3}0.178{col 61}{space 4}-.0641016{col 74}{space 3} .0119404
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0060819{col 33}{space 2} .0105389{col 44}{space 1}    0.58{col 53}{space 3}0.565{col 61}{space 4}-.0147108{col 74}{space 3} .0268745
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1553441{col 33}{space 2} .0413963{col 44}{space 1}    3.75{col 53}{space 3}0.000{col 61}{space 4} .0736715{col 74}{space 3} .2370166
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0073595{col 26}{space 2} .0286312{col 37}{space 1}    0.26{col 46}{space 3}0.797{col 54}{space 4}-.0491281{col 67}{space 3} .0638471
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.00735948

{txt}added scalar:
               e(sd32) =  {res}.02863118

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1106177{col 26}{space 2} .0277314{col 37}{space 1}    3.99{col 46}{space 3}0.000{col 54}{space 4} .0559053{col 67}{space 3} .1653301
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.11061773

{txt}added scalar:
               e(sd42) =  {res}.02773141

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3609618{col 26}{space 2} .0317963{col 37}{space 1}   11.35{col 46}{space 3}0.000{col 54}{space 4} .2982296{col 67}{space 3} .4236941
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.36096185

{txt}added scalar:
               e(sd52) =  {res}.03179631

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1853927{col 26}{space 2} .0358398{col 37}{space 1}    5.17{col 46}{space 3}0.000{col 54}{space 4} .1146829{col 67}{space 3} .2561025
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.18539268

{txt}added scalar:
               e(sd62) =  {res}.03583982

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1032582{col 26}{space 2} .0267731{col 37}{space 1}    3.86{col 46}{space 3}0.000{col 54}{space 4} .0504366{col 67}{space 3} .1560799
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.10325824

{txt}added scalar:
               e(sd43) =  {res}.02677306

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3536024{col 26}{space 2} .0302015{col 37}{space 1}   11.71{col 46}{space 3}0.000{col 54}{space 4} .2940166{col 67}{space 3} .4131881
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.35360236

{txt}added scalar:
               e(sd53) =  {res}.03020149

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1780332{col 26}{space 2} .0348882{col 37}{space 1}    5.10{col 46}{space 3}0.000{col 54}{space 4} .1092008{col 67}{space 3} .2468656
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.1780332

{txt}added scalar:
               e(sd63) =  {res}.03488823

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2503441{col 26}{space 2} .0312052{col 37}{space 1}    8.02{col 46}{space 3}0.000{col 54}{space 4} .1887781{col 67}{space 3} .3119101
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.25034412

{txt}added scalar:
               e(sd54) =  {res}.03120519

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .074775{col 26}{space 2} .0353549{col 37}{space 1}    2.11{col 46}{space 3}0.036{col 54}{space 4} .0050218{col 67}{space 3} .1445281
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.07477496

{txt}added scalar:
               e(sd64) =  {res}.0353549

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1755692{col 26}{space 2} .0379914{col 37}{space 1}   -4.62{col 46}{space 3}0.000{col 54}{space 4} -.250524{col 67}{space 3}-.1006144
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.17556916

{txt}added scalar:
               e(sd65) =  {res}.03799141

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~c11 {c |}{res}          1    .0423645           .   .0423645   .0423645

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~c11 {c |}{res}          1    .2537317           .   .2537317   .2537317

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~c11 {c |}{res}          1    .2714519           .   .2714519   .2714519

{txt}added scalar:
             e(mean21) =  {res}.21136713

{txt}added scalar:
             e(mean31) =  {res}.22908732

{txt}added scalar:
             e(mean32) =  {res}.01772019

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    19.75
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4182
                                                {txt}Root MSE          =    {res} .09613

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}totalsaving2afte~15{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.1082153{col 33}{space 2} .0185919{col 44}{space 1}   -5.82{col 53}{space 3}0.000{col 61}{space 4}-.1448961{col 74}{space 3}-.0715346
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.0935946{col 33}{space 2} .0192792{col 44}{space 1}   -4.85{col 53}{space 3}0.000{col 61}{space 4}-.1316314{col 74}{space 3}-.0555578
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0192577{col 33}{space 2} .0184881{col 44}{space 1}   -1.04{col 53}{space 3}0.299{col 61}{space 4}-.0557336{col 74}{space 3} .0172182
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .1257077{col 33}{space 2} .0208136{col 44}{space 1}    6.04{col 53}{space 3}0.000{col 61}{space 4} .0846436{col 74}{space 3} .1667717
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0060736{col 33}{space 2} .0268601{col 44}{space 1}   -0.23{col 53}{space 3}0.821{col 61}{space 4}-.0590669{col 74}{space 3} .0469198
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0059926{col 33}{space 2} .0063622{col 44}{space 1}   -0.94{col 53}{space 3}0.347{col 61}{space 4}-.0185449{col 74}{space 3} .0065597
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0174588{col 33}{space 2} .0090788{col 44}{space 1}    1.92{col 53}{space 3}0.056{col 61}{space 4}-.0004531{col 74}{space 3} .0353707
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0017229{col 33}{space 2} .0030588{col 44}{space 1}    0.56{col 53}{space 3}0.574{col 61}{space 4} -.004312{col 74}{space 3} .0077578
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0402856{col 33}{space 2} .0137117{col 44}{space 1}   -2.94{col 53}{space 3}0.004{col 61}{space 4}-.0673379{col 74}{space 3}-.0132332
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0063808{col 33}{space 2} .0065713{col 44}{space 1}    0.97{col 53}{space 3}0.333{col 61}{space 4}-.0065841{col 74}{space 3} .0193456
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .1867642{col 33}{space 2} .0323728{col 44}{space 1}    5.77{col 53}{space 3}0.000{col 61}{space 4} .1228946{col 74}{space 3} .2506338
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0146207{col 26}{space 2} .0204562{col 37}{space 1}    0.71{col 46}{space 3}0.476{col 54}{space 4}-.0257381{col 67}{space 3} .0549796
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.01462074

{txt}added scalar:
               e(sd32) =  {res}.02045621

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0889576{col 26}{space 2} .0196234{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} .0502418{col 67}{space 3} .1276735
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.08895761

{txt}added scalar:
               e(sd42) =  {res}.01962342

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .233923{col 26}{space 2} .0214963{col 37}{space 1}   10.88{col 46}{space 3}0.000{col 54}{space 4} .1915121{col 67}{space 3}  .276334
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.23392301

{txt}added scalar:
               e(sd52) =  {res}.02149632

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1021418{col 26}{space 2} .0272302{col 37}{space 1}    3.75{col 46}{space 3}0.000{col 54}{space 4} .0484182{col 67}{space 3} .1558654
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.10214178

{txt}added scalar:
               e(sd62) =  {res}.02723023

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0743369{col 26}{space 2} .0195517{col 37}{space 1}    3.80{col 46}{space 3}0.000{col 54}{space 4} .0357626{col 67}{space 3} .1129111
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.07433688

{txt}added scalar:
               e(sd43) =  {res}.01955165

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2193023{col 26}{space 2} .0216277{col 37}{space 1}   10.14{col 46}{space 3}0.000{col 54}{space 4} .1766321{col 67}{space 3} .2619725
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.21930227

{txt}added scalar:
               e(sd53) =  {res}.02162772

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .087521{col 26}{space 2} .0272706{col 37}{space 1}    3.21{col 46}{space 3}0.002{col 54}{space 4} .0337178{col 67}{space 3} .1413243
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.08752104

{txt}added scalar:
               e(sd63) =  {res}.0272706

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1449654{col 26}{space 2} .0211142{col 37}{space 1}    6.87{col 46}{space 3}0.000{col 54}{space 4} .1033083{col 67}{space 3} .1866225
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.14496539

{txt}added scalar:
               e(sd54) =  {res}.02111422

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0131842{col 26}{space 2} .0267042{col 37}{space 1}    0.49{col 46}{space 3}0.622{col 54}{space 4}-.0395017{col 67}{space 3}   .06587
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.01318417

{txt}added scalar:
               e(sd64) =  {res}.02670421

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}totalsav~c15{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1317812{col 26}{space 2} .0281995{col 37}{space 1}   -4.67{col 46}{space 3}0.000{col 54}{space 4}-.1874171{col 67}{space 3}-.0761453
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.13178123

{txt}added scalar:
               e(sd65) =  {res}.02819947

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~c15 {c |}{res}          1     .127436           .    .127436    .127436

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~c15 {c |}{res}          1    .2285773           .   .2285773   .2285773

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
totalsav~c15 {c |}{res}          1    .2416467           .   .2416467   .2416467

{txt}added scalar:
             e(mean21) =  {res}.10114121

{txt}added scalar:
             e(mean31) =  {res}.11421067

{txt}added scalar:
             e(mean32) =  {res}.01306945
{txt}
{com}. 
. 
. esttab contribution2aftertaxinc* totalsaving2aftertaxinc* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32 , fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title(" to after tax inc ratio")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. 
. *consumption levels
.  est clear
{txt}
{com}. foreach i of numlist 1(5)21 25 26 31 35{c -(}
{txt}  2{com}. reg con`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum con`i' if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. est store con`i'
{txt} 18{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     8.43
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2137
                                                {txt}Root MSE          =    {res} 6.0585

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}               con1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 5.752926{col 33}{space 2} 1.397415{col 44}{space 1}    4.12{col 53}{space 3}0.000{col 61}{space 4} 2.995909{col 74}{space 3} 8.509944
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 5.460643{col 33}{space 2} 1.350563{col 44}{space 1}    4.04{col 53}{space 3}0.000{col 61}{space 4} 2.796061{col 74}{space 3} 8.125224
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}  1.53586{col 33}{space 2} 1.192694{col 44}{space 1}    1.29{col 53}{space 3}0.199{col 61}{space 4}-.8172546{col 74}{space 3} 3.888975
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .2524845{col 33}{space 2} 1.088691{col 44}{space 1}    0.23{col 53}{space 3}0.817{col 61}{space 4}-1.895438{col 74}{space 3} 2.400407
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 5.332174{col 33}{space 2} 1.458894{col 44}{space 1}    3.65{col 53}{space 3}0.000{col 61}{space 4} 2.453863{col 74}{space 3} 8.210484
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .3069095{col 33}{space 2} .3794888{col 44}{space 1}    0.81{col 53}{space 3}0.420{col 61}{space 4}-.4417994{col 74}{space 3} 1.055618
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-1.101295{col 33}{space 2} .5446065{col 44}{space 1}   -2.02{col 53}{space 3}0.045{col 61}{space 4}-2.175772{col 74}{space 3} -.026819
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0941865{col 33}{space 2} .1787741{col 44}{space 1}   -0.53{col 53}{space 3}0.599{col 61}{space 4}-.4468972{col 74}{space 3} .2585242
{txt}{space 13}female {c |}{col 21}{res}{space 2} 3.120484{col 33}{space 2} .8590905{col 44}{space 1}    3.63{col 53}{space 3}0.000{col 61}{space 4}  1.42555{col 74}{space 3} 4.815419
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} -.561694{col 33}{space 2} .4368305{col 44}{space 1}   -1.29{col 53}{space 3}0.200{col 61}{space 4}-1.423534{col 74}{space 3} .3001465
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 56.22785{col 33}{space 2} 1.992792{col 44}{space 1}   28.22{col 53}{space 3}0.000{col 61}{space 4} 52.29619{col 74}{space 3} 60.15951
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2922837{col 26}{space 2}  1.58286{col 37}{space 1}   -0.18{col 46}{space 3}0.854{col 54}{space 4}-3.415173{col 67}{space 3} 2.830606
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.29228366

{txt}added scalar:
               e(sd32) =  {res}1.5828604

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-4.217066{col 26}{space 2}  1.45479{col 37}{space 1}   -2.90{col 46}{space 3}0.004{col 54}{space 4}-7.087279{col 67}{space 3}-1.346853
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-4.217066

{txt}added scalar:
               e(sd42) =  {res}1.4547896

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-5.500442{col 26}{space 2} 1.348169{col 37}{space 1}   -4.08{col 46}{space 3}0.000{col 54}{space 4}  -8.1603{col 67}{space 3}-2.840584
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-5.5004419

{txt}added scalar:
               e(sd52) =  {res}1.3481692

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4207528{col 26}{space 2} 1.657675{col 37}{space 1}   -0.25{col 46}{space 3}0.800{col 54}{space 4}-3.691247{col 67}{space 3} 2.849741
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.42075283

{txt}added scalar:
               e(sd62) =  {res}1.657675

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.924782{col 26}{space 2} 1.391814{col 37}{space 1}   -2.82{col 46}{space 3}0.005{col 54}{space 4} -6.67075{col 67}{space 3}-1.178815
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-3.9247824

{txt}added scalar:
               e(sd43) =  {res}1.3918144

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-5.208158{col 26}{space 2}  1.29481{col 37}{space 1}   -4.02{col 46}{space 3}0.000{col 54}{space 4}-7.762742{col 67}{space 3}-2.653575
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-5.2081582

{txt}added scalar:
               e(sd53) =  {res}1.2948101

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1284692{col 26}{space 2} 1.608904{col 37}{space 1}   -0.08{col 46}{space 3}0.936{col 54}{space 4}-3.302742{col 67}{space 3} 3.045803
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.12846917

{txt}added scalar:
               e(sd63) =  {res}1.6089043

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.283376{col 26}{space 2} 1.106885{col 37}{space 1}   -1.16{col 46}{space 3}0.248{col 54}{space 4}-3.467194{col 67}{space 3} .9004423
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.2833759

{txt}added scalar:
               e(sd54) =  {res}1.1068849

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.796313{col 26}{space 2} 1.443999{col 37}{space 1}    2.63{col 46}{space 3}0.009{col 54}{space 4} .9473893{col 67}{space 3} 6.645237
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}3.7963132

{txt}added scalar:
               e(sd64) =  {res}1.4439989

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.079689{col 26}{space 2} 1.366682{col 37}{space 1}    3.72{col 46}{space 3}0.000{col 54}{space 4} 2.383308{col 67}{space 3} 7.776071
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}5.0796891

{txt}added scalar:
               e(sd65) =  {res}1.3666816

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}con1 {c |}{res}          1     60.0798           .    60.0798    60.0798

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}con1 {c |}{res}          1     60.5512           .    60.5512    60.5512

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}con1 {c |}{res}          1      60.022           .     60.022     60.022

{txt}added scalar:
             e(mean21) =  {res}.47140121

{txt}added scalar:
             e(mean31) =  {res}-.05780029

{txt}added scalar:
             e(mean32) =  {res}-.52920151

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    18.37
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3922
                                                {txt}Root MSE          =    {res} 9.6533

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}               con6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 14.90258{col 33}{space 2}  2.06279{col 44}{space 1}    7.22{col 53}{space 3}0.000{col 61}{space 4} 10.83282{col 74}{space 3} 18.97234
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 13.77756{col 33}{space 2}  1.95955{col 44}{space 1}    7.03{col 53}{space 3}0.000{col 61}{space 4} 9.911483{col 74}{space 3} 17.64364
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.009277{col 33}{space 2} 1.866345{col 44}{space 1}    0.54{col 53}{space 3}0.589{col 61}{space 4}-2.672911{col 74}{space 3} 4.691466
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-5.818347{col 33}{space 2} 2.148464{col 44}{space 1}   -2.71{col 53}{space 3}0.007{col 61}{space 4}-10.05714{col 74}{space 3}-1.579554
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 4.705769{col 33}{space 2} 2.340857{col 44}{space 1}    2.01{col 53}{space 3}0.046{col 61}{space 4} .0873977{col 74}{space 3}  9.32414
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0899569{col 33}{space 2}  .622369{col 44}{space 1}    0.14{col 53}{space 3}0.885{col 61}{space 4} -1.13794{col 74}{space 3} 1.317854
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.8441513{col 33}{space 2}  .953042{col 44}{space 1}   -0.89{col 53}{space 3}0.377{col 61}{space 4}-2.724446{col 74}{space 3} 1.036144
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.2370356{col 33}{space 2} .2782533{col 44}{space 1}   -0.85{col 53}{space 3}0.395{col 61}{space 4}-.7860129{col 74}{space 3} .3119417
{txt}{space 13}female {c |}{col 21}{res}{space 2} 2.873277{col 33}{space 2} 1.312024{col 44}{space 1}    2.19{col 53}{space 3}0.030{col 61}{space 4} .2847323{col 74}{space 3} 5.461821
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0605969{col 33}{space 2} .7156774{col 44}{space 1}   -0.08{col 53}{space 3}0.933{col 61}{space 4}-1.472586{col 74}{space 3} 1.351392
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 70.52099{col 33}{space 2} 2.981592{col 44}{space 1}   23.65{col 53}{space 3}0.000{col 61}{space 4} 64.63848{col 74}{space 3} 76.40349
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.12502{col 26}{space 2} 2.155206{col 37}{space 1}   -0.52{col 46}{space 3}0.602{col 54}{space 4}-5.377114{col 67}{space 3} 3.127073
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-1.1250204

{txt}added scalar:
               e(sd32) =  {res}2.1552062

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -13.8933{col 26}{space 2} 2.062568{col 37}{space 1}   -6.74{col 46}{space 3}0.000{col 54}{space 4}-17.96263{col 67}{space 3}-9.823978
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-13.893302

{txt}added scalar:
               e(sd42) =  {res}2.0625682

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-20.72093{col 26}{space 2} 2.300589{col 37}{space 1}   -9.01{col 46}{space 3}0.000{col 54}{space 4}-25.25985{col 67}{space 3}  -16.182
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-20.720926

{txt}added scalar:
               e(sd52) =  {res}2.3005894

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-10.19681{col 26}{space 2} 2.478013{col 37}{space 1}   -4.11{col 46}{space 3}0.000{col 54}{space 4}-15.08578{col 67}{space 3}-5.307839
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-10.19681

{txt}added scalar:
               e(sd62) =  {res}2.4780127

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-12.76828{col 26}{space 2} 1.925458{col 37}{space 1}   -6.63{col 46}{space 3}0.000{col 54}{space 4} -16.5671{col 67}{space 3}-8.969467
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-12.768282

{txt}added scalar:
               e(sd43) =  {res}1.9254581

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-19.59591{col 26}{space 2} 2.206567{col 37}{space 1}   -8.88{col 46}{space 3}0.000{col 54}{space 4}-23.94933{col 67}{space 3}-15.24248
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-19.595906

{txt}added scalar:
               e(sd53) =  {res}2.2065675

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -9.07179{col 26}{space 2} 2.344252{col 37}{space 1}   -3.87{col 46}{space 3}0.000{col 54}{space 4}-13.69686{col 67}{space 3}-4.446721
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-9.0717901

{txt}added scalar:
               e(sd63) =  {res}2.3442515

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.827624{col 26}{space 2}  2.12598{col 37}{space 1}   -3.21{col 46}{space 3}0.002{col 54}{space 4}-11.02206{col 67}{space 3}-2.633191
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-6.827624

{txt}added scalar:
               e(sd54) =  {res}2.1259803

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.696492{col 26}{space 2} 2.280993{col 37}{space 1}    1.62{col 46}{space 3}0.107{col 54}{space 4}-.8037723{col 67}{space 3} 8.196755
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}3.6964915

{txt}added scalar:
               e(sd64) =  {res}2.2809931

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}        con6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 10.52412{col 26}{space 2} 2.525815{col 37}{space 1}    4.17{col 46}{space 3}0.000{col 54}{space 4} 5.540833{col 67}{space 3}  15.5074
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}10.524116

{txt}added scalar:
               e(sd65) =  {res}2.5258147

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}con6 {c |}{res}          1      69.611           .     69.611     69.611

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}con6 {c |}{res}          1     68.1536           .    68.1536    68.1536

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}con6 {c |}{res}          1     68.9312           .    68.9312    68.9312

{txt}added scalar:
             e(mean21) =  {res}-1.4573975

{txt}added scalar:
             e(mean31) =  {res}-.67980194

{txt}added scalar:
             e(mean32) =  {res}.77759552

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    21.71
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4280
                                                {txt}Root MSE          =    {res} 10.759

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 16.11013{col 33}{space 2} 2.265577{col 44}{space 1}    7.11{col 53}{space 3}0.000{col 61}{space 4} 11.64028{col 74}{space 3} 20.57997
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 18.36604{col 33}{space 2} 2.190936{col 44}{space 1}    8.38{col 53}{space 3}0.000{col 61}{space 4} 14.04345{col 74}{space 3} 22.68863
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .5060128{col 33}{space 2} 2.251728{col 44}{space 1}    0.22{col 53}{space 3}0.822{col 61}{space 4}-3.936513{col 74}{space 3} 4.948539
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-7.064009{col 33}{space 2} 2.385124{col 44}{space 1}   -2.96{col 53}{space 3}0.003{col 61}{space 4}-11.76972{col 74}{space 3}-2.358302
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 3.367269{col 33}{space 2} 2.391368{col 44}{space 1}    1.41{col 53}{space 3}0.161{col 61}{space 4}-1.350759{col 74}{space 3} 8.085296
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .6200774{col 33}{space 2} .5706884{col 44}{space 1}    1.09{col 53}{space 3}0.279{col 61}{space 4} -.505857{col 74}{space 3} 1.746012
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.5377471{col 33}{space 2} .8779382{col 44}{space 1}   -0.61{col 53}{space 3}0.541{col 61}{space 4}-2.269867{col 74}{space 3} 1.194373
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0580432{col 33}{space 2} .2882723{col 44}{space 1}    0.20{col 53}{space 3}0.841{col 61}{space 4}-.5107009{col 74}{space 3} .6267873
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.1961919{col 33}{space 2} 1.522805{col 44}{space 1}   -0.13{col 53}{space 3}0.898{col 61}{space 4}-3.200596{col 74}{space 3} 2.808212
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0864875{col 33}{space 2} .8497605{col 44}{space 1}    0.10{col 53}{space 3}0.919{col 61}{space 4} -1.59004{col 74}{space 3} 1.763015
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 70.06436{col 33}{space 2}  3.08463{col 44}{space 1}   22.71{col 53}{space 3}0.000{col 61}{space 4} 63.97857{col 74}{space 3} 76.15015
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.255914{col 26}{space 2} 2.286396{col 37}{space 1}    0.99{col 46}{space 3}0.325{col 54}{space 4}-2.255009{col 67}{space 3} 6.766837
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}2.2559138

{txt}added scalar:
               e(sd32) =  {res}2.286396

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-15.60411{col 26}{space 2} 2.275669{col 37}{space 1}   -6.86{col 46}{space 3}0.000{col 54}{space 4}-20.09387{col 67}{space 3}-11.11435
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-15.604113

{txt}added scalar:
               e(sd42) =  {res}2.2756692

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-23.17413{col 26}{space 2} 2.457216{col 37}{space 1}   -9.43{col 46}{space 3}0.000{col 54}{space 4}-28.02208{col 67}{space 3}-18.32619
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-23.174135

{txt}added scalar:
               e(sd52) =  {res}2.4572164

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-12.74286{col 26}{space 2}  2.43876{col 37}{space 1}   -5.23{col 46}{space 3}0.000{col 54}{space 4}-17.55438{col 67}{space 3}-7.931329
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-12.742857

{txt}added scalar:
               e(sd62) =  {res}2.4387597

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-17.86003{col 26}{space 2} 2.224544{col 37}{space 1}   -8.03{col 46}{space 3}0.000{col 54}{space 4}-22.24892{col 67}{space 3}-13.47113
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-17.860026

{txt}added scalar:
               e(sd43) =  {res}2.2245436

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-25.43005{col 26}{space 2} 2.275328{col 37}{space 1}  -11.18{col 46}{space 3}0.000{col 54}{space 4}-29.91914{col 67}{space 3}-20.94096
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-25.430048

{txt}added scalar:
               e(sd53) =  {res}2.2753282

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-14.99877{col 26}{space 2} 2.317274{col 37}{space 1}   -6.47{col 46}{space 3}0.000{col 54}{space 4}-19.57061{col 67}{space 3}-10.42693
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-14.99877

{txt}added scalar:
               e(sd63) =  {res}2.3172742

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-7.570022{col 26}{space 2} 2.460015{col 37}{space 1}   -3.08{col 46}{space 3}0.002{col 54}{space 4}-12.42349{col 67}{space 3}-2.716559
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-7.570022

{txt}added scalar:
               e(sd54) =  {res}2.460015

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.861256{col 26}{space 2} 2.464081{col 37}{space 1}    1.16{col 46}{space 3}0.247{col 54}{space 4} -2.00023{col 67}{space 3} 7.722741
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}2.8612559

{txt}added scalar:
               e(sd64) =  {res}2.4640811

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 10.43128{col 26}{space 2} 2.544488{col 37}{space 1}    4.10{col 46}{space 3}0.000{col 54}{space 4} 5.411155{col 67}{space 3}  15.4514
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}10.431278

{txt}added scalar:
               e(sd65) =  {res}2.5444878

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con11 {c |}{res}          1     78.8536           .    78.8536    78.8536

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con11 {c |}{res}          1     75.3854           .    75.3854    75.3854

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con11 {c |}{res}          1     77.8402           .    77.8402    77.8402

{txt}added scalar:
             e(mean21) =  {res}-3.4682007

{txt}added scalar:
             e(mean31) =  {res}-1.0133972

{txt}added scalar:
             e(mean32) =  {res}2.4548035

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    19.54
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3404
                                                {txt}Root MSE          =    {res} 28.178

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con16{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-42.84556{col 33}{space 2} 5.943831{col 44}{space 1}   -7.21{col 53}{space 3}0.000{col 61}{space 4}-54.57238{col 74}{space 3}-31.11873
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-39.73513{col 33}{space 2} 6.375862{col 44}{space 1}   -6.23{col 53}{space 3}0.000{col 61}{space 4}-52.31433{col 74}{space 3}-27.15594
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 3.166399{col 33}{space 2} 6.805998{col 44}{space 1}    0.47{col 53}{space 3}0.642{col 61}{space 4}-10.26143{col 74}{space 3} 16.59423
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.4068916{col 33}{space 2} 7.945853{col 44}{space 1}   -0.05{col 53}{space 3}0.959{col 61}{space 4}-16.08359{col 74}{space 3}  15.2698
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-24.16976{col 33}{space 2} 7.408718{col 44}{space 1}   -3.26{col 53}{space 3}0.001{col 61}{space 4}-38.78672{col 74}{space 3}-9.552801
{txt}{space 16}crt {c |}{col 21}{res}{space 2} -.589791{col 33}{space 2} 1.742637{col 44}{space 1}   -0.34{col 53}{space 3}0.735{col 61}{space 4} -4.02791{col 74}{space 3} 2.848328
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 2.422384{col 33}{space 2} 2.561699{col 44}{space 1}    0.95{col 53}{space 3}0.346{col 61}{space 4}-2.631697{col 74}{space 3} 7.476465
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .3162483{col 33}{space 2} .7496369{col 44}{space 1}    0.42{col 53}{space 3}0.674{col 61}{space 4}-1.162741{col 74}{space 3} 1.795237
{txt}{space 13}female {c |}{col 21}{res}{space 2}-7.433158{col 33}{space 2}  3.95989{col 44}{space 1}   -1.88{col 53}{space 3}0.062{col 61}{space 4}-15.24578{col 74}{space 3} .3794685
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 4.202158{col 33}{space 2} 1.931393{col 44}{space 1}    2.18{col 53}{space 3}0.031{col 61}{space 4} .3916348{col 74}{space 3} 8.012681
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 105.8145{col 33}{space 2} 9.516821{col 44}{space 1}   11.12{col 53}{space 3}0.000{col 61}{space 4} 87.03841{col 74}{space 3} 124.5907
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.110422{col 26}{space 2} 4.443765{col 37}{space 1}    0.70{col 46}{space 3}0.485{col 54}{space 4}-5.656862{col 67}{space 3} 11.87771
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}3.1104218

{txt}added scalar:
               e(sd32) =  {res}4.4437649

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 46.01196{col 26}{space 2} 4.918491{col 37}{space 1}    9.35{col 46}{space 3}0.000{col 54}{space 4} 36.30807{col 67}{space 3} 55.71585
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}46.011956

{txt}added scalar:
               e(sd42) =  {res}4.9184905

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 42.43866{col 26}{space 2} 6.363206{col 37}{space 1}    6.67{col 46}{space 3}0.000{col 54}{space 4} 29.88444{col 67}{space 3} 54.99289
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}42.438665

{txt}added scalar:
               e(sd52) =  {res}6.3632057

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  18.6758{col 26}{space 2} 5.622728{col 37}{space 1}    3.32{col 46}{space 3}0.001{col 54}{space 4} 7.582488{col 67}{space 3}  29.7691
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}18.675796

{txt}added scalar:
               e(sd62) =  {res}5.6227278

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 42.90153{col 26}{space 2} 5.494328{col 37}{space 1}    7.81{col 46}{space 3}0.000{col 54}{space 4} 32.06155{col 67}{space 3} 53.74152
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}42.901534

{txt}added scalar:
               e(sd43) =  {res}5.4943279

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 39.32824{col 26}{space 2} 6.800291{col 37}{space 1}    5.78{col 46}{space 3}0.000{col 54}{space 4} 25.91167{col 67}{space 3} 52.74481
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}39.328243

{txt}added scalar:
               e(sd53) =  {res}6.8002908

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 15.56537{col 26}{space 2} 5.958861{col 37}{space 1}    2.61{col 46}{space 3}0.010{col 54}{space 4} 3.808895{col 67}{space 3} 27.32185
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}15.565374

{txt}added scalar:
               e(sd63) =  {res}5.9588612

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.573291{col 26}{space 2} 7.309253{col 37}{space 1}   -0.49{col 46}{space 3}0.626{col 54}{space 4}-17.99401{col 67}{space 3} 10.84743
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-3.5732908

{txt}added scalar:
               e(sd54) =  {res}7.3092532

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-27.33616{col 26}{space 2} 6.543935{col 37}{space 1}   -4.18{col 46}{space 3}0.000{col 54}{space 4}-40.24696{col 67}{space 3}-14.42536
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-27.33616

{txt}added scalar:
               e(sd64) =  {res}6.5439355

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-23.76287{col 26}{space 2} 7.821103{col 37}{space 1}   -3.04{col 46}{space 3}0.003{col 54}{space 4}-39.19344{col 67}{space 3}-8.332297
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-23.762869

{txt}added scalar:
               e(sd65) =  {res}7.8211035

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con16 {c |}{res}          1      84.388           .     84.388     84.388

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con16 {c |}{res}          1     78.9586           .    78.9586    78.9586

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con16 {c |}{res}          1     82.5348           .    82.5348    82.5348

{txt}added scalar:
             e(mean21) =  {res}-5.4293976

{txt}added scalar:
             e(mean31) =  {res}-1.8532028

{txt}added scalar:
             e(mean32) =  {res}3.5761948

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    18.97
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3205
                                                {txt}Root MSE          =    {res} 27.228

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con21{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-38.33868{col 33}{space 2} 4.542601{col 44}{space 1}   -8.44{col 53}{space 3}0.000{col 61}{space 4}-47.30097{col 74}{space 3} -29.3764
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-31.24412{col 33}{space 2} 4.843424{col 44}{space 1}   -6.45{col 53}{space 3}0.000{col 61}{space 4}-40.79991{col 74}{space 3}-21.68833
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-2.562219{col 33}{space 2} 6.232178{col 44}{space 1}   -0.41{col 53}{space 3}0.681{col 61}{space 4}-14.85794{col 74}{space 3} 9.733499
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 4.358902{col 33}{space 2} 6.899805{col 44}{space 1}    0.63{col 53}{space 3}0.528{col 61}{space 4}-9.254003{col 74}{space 3} 17.97181
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-19.63491{col 33}{space 2}  6.12299{col 44}{space 1}   -3.21{col 53}{space 3}0.002{col 61}{space 4}-31.71521{col 74}{space 3}-7.554616
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0593704{col 33}{space 2} 1.534442{col 44}{space 1}    0.04{col 53}{space 3}0.969{col 61}{space 4}-2.967992{col 74}{space 3} 3.086732
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 1.809246{col 33}{space 2} 2.695511{col 44}{space 1}    0.67{col 53}{space 3}0.503{col 61}{space 4}-3.508837{col 74}{space 3}  7.12733
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .5040076{col 33}{space 2} .7514085{col 44}{space 1}    0.67{col 53}{space 3}0.503{col 61}{space 4}-.9784768{col 74}{space 3} 1.986492
{txt}{space 13}female {c |}{col 21}{res}{space 2}-16.09779{col 33}{space 2} 3.582752{col 44}{space 1}   -4.49{col 53}{space 3}0.000{col 61}{space 4}-23.16635{col 74}{space 3}-9.029231
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .2374703{col 33}{space 2} 2.268843{col 44}{space 1}    0.10{col 53}{space 3}0.917{col 61}{space 4}-4.238821{col 74}{space 3} 4.713762
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 94.56746{col 33}{space 2} 8.031511{col 44}{space 1}   11.77{col 53}{space 3}0.000{col 61}{space 4} 78.72177{col 74}{space 3} 110.4132
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.094564{col 26}{space 2} 3.621438{col 37}{space 1}    1.96{col 46}{space 3}0.052{col 54}{space 4}-.0503173{col 67}{space 3} 14.23945
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}7.0945641

{txt}added scalar:
               e(sd32) =  {res}3.6214378

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 35.77647{col 26}{space 2} 5.306604{col 37}{space 1}    6.74{col 46}{space 3}0.000{col 54}{space 4} 25.30685{col 67}{space 3} 46.24608
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}35.776466

{txt}added scalar:
               e(sd42) =  {res}5.3066041

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 42.69759{col 26}{space 2}  6.00338{col 37}{space 1}    7.11{col 46}{space 3}0.000{col 54}{space 4} 30.85328{col 67}{space 3}  54.5419
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}42.697587

{txt}added scalar:
               e(sd52) =  {res}6.0033798

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.70377{col 26}{space 2} 5.066234{col 37}{space 1}    3.69{col 46}{space 3}0.000{col 54}{space 4} 8.708395{col 67}{space 3} 28.69915
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}18.703773

{txt}added scalar:
               e(sd62) =  {res}5.0662336

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  28.6819{col 26}{space 2} 5.528174{col 37}{space 1}    5.19{col 46}{space 3}0.000{col 54}{space 4} 17.77514{col 67}{space 3} 39.58866
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}28.681902

{txt}added scalar:
               e(sd43) =  {res}5.5281739

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 35.60302{col 26}{space 2}  6.05108{col 37}{space 1}    5.88{col 46}{space 3}0.000{col 54}{space 4}  23.6646{col 67}{space 3} 47.54144
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}35.603023

{txt}added scalar:
               e(sd53) =  {res}6.0510798

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 11.60921{col 26}{space 2} 5.247637{col 37}{space 1}    2.21{col 46}{space 3}0.028{col 54}{space 4} 1.255934{col 67}{space 3} 21.96248
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}11.609209

{txt}added scalar:
               e(sd63) =  {res}5.2476369

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 6.921121{col 26}{space 2} 7.215065{col 37}{space 1}    0.96{col 46}{space 3}0.339{col 54}{space 4}-7.313773{col 67}{space 3} 21.15602
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}6.921121

{txt}added scalar:
               e(sd54) =  {res}7.2150651

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-17.07269{col 26}{space 2}  6.66973{col 37}{space 1}   -2.56{col 46}{space 3}0.011{col 54}{space 4}-30.23167{col 67}{space 3}-3.913712
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-17.072693

{txt}added scalar:
               e(sd64) =  {res}6.66973

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-23.99381{col 26}{space 2} 7.100348{col 37}{space 1}   -3.38{col 46}{space 3}0.001{col 54}{space 4}-38.00238{col 67}{space 3} -9.98525
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-23.993814

{txt}added scalar:
               e(sd65) =  {res}7.1003477

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con21 {c |}{res}          1     83.3998           .    83.3998    83.3998

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con21 {c |}{res}          1     76.5808           .    76.5808    76.5808

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con21 {c |}{res}          1      80.908           .     80.908     80.908

{txt}added scalar:
             e(mean21) =  {res}-6.8190002

{txt}added scalar:
             e(mean31) =  {res}-2.491806

{txt}added scalar:
             e(mean32) =  {res}4.3271942

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    17.76
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3049
                                                {txt}Root MSE          =    {res} 6.3781

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con25{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-8.883722{col 33}{space 2} 1.455664{col 44}{space 1}   -6.10{col 53}{space 3}0.000{col 61}{space 4}-11.75566{col 74}{space 3}-6.011783
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-6.675003{col 33}{space 2} 1.527697{col 44}{space 1}   -4.37{col 53}{space 3}0.000{col 61}{space 4}-9.689058{col 74}{space 3}-3.660948
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .7310665{col 33}{space 2} 1.594937{col 44}{space 1}    0.46{col 53}{space 3}0.647{col 61}{space 4} -2.41565{col 74}{space 3} 3.877783
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.735572{col 33}{space 2} 1.804711{col 44}{space 1}   -0.96{col 53}{space 3}0.337{col 61}{space 4}-5.296161{col 74}{space 3} 1.825016
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-6.079892{col 33}{space 2} 1.783273{col 44}{space 1}   -3.41{col 53}{space 3}0.001{col 61}{space 4}-9.598184{col 74}{space 3}-2.561601
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0973046{col 33}{space 2} .3806599{col 44}{space 1}    0.26{col 53}{space 3}0.799{col 61}{space 4}-.6537149{col 74}{space 3}  .848324
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .3496874{col 33}{space 2} .5752635{col 44}{space 1}    0.61{col 53}{space 3}0.544{col 61}{space 4}-.7852732{col 74}{space 3} 1.484648
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .1094154{col 33}{space 2}   .16266{col 44}{space 1}    0.67{col 53}{space 3}0.502{col 61}{space 4}-.2115031{col 74}{space 3}  .430334
{txt}{space 13}female {c |}{col 21}{res}{space 2}-3.546675{col 33}{space 2} .8857099{col 44}{space 1}   -4.00{col 53}{space 3}0.000{col 61}{space 4}-5.294128{col 74}{space 3}-1.799222
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .7807651{col 33}{space 2} .4550599{col 44}{space 1}    1.72{col 53}{space 3}0.088{col 61}{space 4}-.1170411{col 74}{space 3} 1.678571
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 79.43904{col 33}{space 2} 2.151609{col 44}{space 1}   36.92{col 53}{space 3}0.000{col 61}{space 4} 75.19404{col 74}{space 3} 83.68404
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.208719{col 26}{space 2} .9846966{col 37}{space 1}    2.24{col 46}{space 3}0.026{col 54}{space 4} .2659716{col 67}{space 3} 4.151467
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}2.2087194

{txt}added scalar:
               e(sd32) =  {res}.9846966

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 9.614789{col 26}{space 2} 1.081623{col 37}{space 1}    8.89{col 46}{space 3}0.000{col 54}{space 4}  7.48081{col 67}{space 3} 11.74877
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}9.6147889

{txt}added scalar:
               e(sd42) =  {res}1.0816233

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  7.14815{col 26}{space 2} 1.323495{col 37}{space 1}    5.40{col 46}{space 3}0.000{col 54}{space 4} 4.536973{col 67}{space 3} 9.759327
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}7.1481499

{txt}added scalar:
               e(sd52) =  {res}1.323495

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  2.80383{col 26}{space 2} 1.269048{col 37}{space 1}    2.21{col 46}{space 3}0.028{col 54}{space 4} .3000743{col 67}{space 3} 5.307585
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}2.8038298

{txt}added scalar:
               e(sd62) =  {res}1.2690476

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.406069{col 26}{space 2} 1.236347{col 37}{space 1}    5.99{col 46}{space 3}0.000{col 54}{space 4}  4.96683{col 67}{space 3} 9.845309
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}7.4060694

{txt}added scalar:
               e(sd43) =  {res}1.2363474

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  4.93943{col 26}{space 2}   1.4573{col 37}{space 1}    3.39{col 46}{space 3}0.001{col 54}{space 4} 2.064264{col 67}{space 3} 7.814596
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}4.9394304

{txt}added scalar:
               e(sd53) =  {res}1.4572998

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5951104{col 26}{space 2} 1.361056{col 37}{space 1}    0.44{col 46}{space 3}0.662{col 54}{space 4}-2.090171{col 67}{space 3} 3.280392
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.59511038

{txt}added scalar:
               e(sd63) =  {res}1.3610556

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.466639{col 26}{space 2} 1.549544{col 37}{space 1}   -1.59{col 46}{space 3}0.113{col 54}{space 4}-5.523797{col 67}{space 3} .5905194
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-2.466639

{txt}added scalar:
               e(sd54) =  {res}1.5495441

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-6.810959{col 26}{space 2} 1.456601{col 37}{space 1}   -4.68{col 46}{space 3}0.000{col 54}{space 4}-9.684746{col 67}{space 3}-3.937172
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-6.810959

{txt}added scalar:
               e(sd64) =  {res}1.4566009

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -4.34432{col 26}{space 2} 1.659023{col 37}{space 1}   -2.62{col 46}{space 3}0.010{col 54}{space 4}-7.617475{col 67}{space 3}-1.071165
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-4.34432

{txt}added scalar:
               e(sd65) =  {res}1.6590234

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con25 {c |}{res}          1    75.26644           .   75.26644   75.26644

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con25 {c |}{res}          1    71.92592           .   71.92592   71.92592

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con25 {c |}{res}          1    74.04724           .   74.04724   74.04724

{txt}added scalar:
             e(mean21) =  {res}-3.3405228

{txt}added scalar:
             e(mean31) =  {res}-1.2192001

{txt}added scalar:
             e(mean32) =  {res}2.1213226

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.99
                                                {txt}Prob > F          = {res}    0.0001
                                                {txt}R-squared         = {res}    0.2114
                                                {txt}Root MSE          =    {res} 20.538

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con26{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-12.12472{col 33}{space 2}  4.79353{col 44}{space 1}   -2.53{col 53}{space 3}0.013{col 61}{space 4}-21.60238{col 74}{space 3}-2.647061
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-9.367584{col 33}{space 2} 4.741519{col 44}{space 1}   -1.98{col 53}{space 3}0.050{col 61}{space 4}-18.74241{col 74}{space 3} .0072417
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 8.857995{col 33}{space 2} 7.275314{col 44}{space 1}    1.22{col 53}{space 3}0.225{col 61}{space 4}-5.526595{col 74}{space 3} 23.24258
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 13.80012{col 33}{space 2} 8.264487{col 44}{space 1}    1.67{col 53}{space 3}0.097{col 61}{space 4}-2.540236{col 74}{space 3} 30.14048
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} -7.03303{col 33}{space 2} 5.403677{col 44}{space 1}   -1.30{col 53}{space 3}0.195{col 61}{space 4}-17.71706{col 74}{space 3} 3.650999
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-2.285367{col 33}{space 2} 1.483627{col 44}{space 1}   -1.54{col 53}{space 3}0.126{col 61}{space 4}-5.218762{col 74}{space 3}  .648028
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .6375174{col 33}{space 2} 2.371655{col 44}{space 1}    0.27{col 53}{space 3}0.788{col 61}{space 4}-4.051665{col 74}{space 3}   5.3267
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.3143174{col 33}{space 2} .7138747{col 44}{space 1}   -0.44{col 53}{space 3}0.660{col 61}{space 4}-1.725775{col 74}{space 3}  1.09714
{txt}{space 13}female {c |}{col 21}{res}{space 2}-5.956147{col 33}{space 2} 3.625943{col 44}{space 1}   -1.64{col 53}{space 3}0.103{col 61}{space 4}-13.12528{col 74}{space 3} 1.212987
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-1.891014{col 33}{space 2} 3.032068{col 44}{space 1}   -0.62{col 53}{space 3}0.534{col 61}{space 4}-7.885951{col 74}{space 3} 4.103922
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  74.5876{col 33}{space 2} 8.504847{col 44}{space 1}    8.77{col 53}{space 3}0.000{col 61}{space 4} 57.77201{col 74}{space 3} 91.40319
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.757138{col 26}{space 2} 3.181285{col 37}{space 1}    0.87{col 46}{space 3}0.388{col 54}{space 4}-3.532828{col 67}{space 3} 9.047104
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}2.757138

{txt}added scalar:
               e(sd32) =  {res}3.1812849

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 20.98272{col 26}{space 2}  6.26278{col 37}{space 1}    3.35{col 46}{space 3}0.001{col 54}{space 4} 8.600088{col 67}{space 3} 33.36535
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}20.982717

{txt}added scalar:
               e(sd42) =  {res}6.2627802

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 25.92485{col 26}{space 2} 7.531359{col 37}{space 1}    3.44{col 46}{space 3}0.001{col 54}{space 4} 11.03401{col 67}{space 3} 40.81568
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}25.924847

{txt}added scalar:
               e(sd52) =  {res}7.5313594

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.091693{col 26}{space 2} 4.017704{col 37}{space 1}    1.27{col 46}{space 3}0.207{col 54}{space 4}-2.852022{col 67}{space 3} 13.03541
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}5.0916927

{txt}added scalar:
               e(sd62) =  {res}4.0177038

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.22558{col 26}{space 2} 5.917553{col 37}{space 1}    3.08{col 46}{space 3}0.002{col 54}{space 4} 6.525526{col 67}{space 3} 29.92563
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}18.225579

{txt}added scalar:
               e(sd43) =  {res}5.9175527

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 23.16771{col 26}{space 2} 6.872532{col 37}{space 1}    3.37{col 46}{space 3}0.001{col 54}{space 4} 9.579491{col 67}{space 3} 36.75593
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}23.167709

{txt}added scalar:
               e(sd53) =  {res}6.8725324

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.334555{col 26}{space 2} 3.820304{col 37}{space 1}    0.61{col 46}{space 3}0.542{col 54}{space 4}-5.218865{col 67}{space 3} 9.887974
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}2.3345547

{txt}added scalar:
               e(sd63) =  {res}3.8203038

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  4.94213{col 26}{space 2} 8.643016{col 37}{space 1}    0.57{col 46}{space 3}0.568{col 54}{space 4}-12.14665{col 67}{space 3} 22.03091
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}4.9421295

{txt}added scalar:
               e(sd54) =  {res}8.643016

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-15.89102{col 26}{space 2} 6.518185{col 37}{space 1}   -2.44{col 46}{space 3}0.016{col 54}{space 4}-28.77864{col 67}{space 3}-3.003414
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-15.891024

{txt}added scalar:
               e(sd64) =  {res}6.5181853

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-20.83315{col 26}{space 2}  7.47384{col 37}{space 1}   -2.79{col 46}{space 3}0.006{col 54}{space 4}-35.61026{col 67}{space 3}-6.056044
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-20.833154

{txt}added scalar:
               e(sd65) =  {res}7.4738397

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con26 {c |}{res}          1     82.3904           .    82.3904    82.3904

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con26 {c |}{res}          1     74.2028           .    74.2028    74.2028

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con26 {c |}{res}          1     79.2808           .    79.2808    79.2808

{txt}added scalar:
             e(mean21) =  {res}-8.1876068

{txt}added scalar:
             e(mean31) =  {res}-3.1096039

{txt}added scalar:
             e(mean32) =  {res}5.0780029

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     2.87
                                                {txt}Prob > F          = {res}    0.0028
                                                {txt}R-squared         = {res}    0.1590
                                                {txt}Root MSE          =    {res} 21.223

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con31{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-17.07361{col 33}{space 2} 5.658905{col 44}{space 1}   -3.02{col 53}{space 3}0.003{col 61}{space 4}-28.26227{col 74}{space 3}-5.884946
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-13.21056{col 33}{space 2} 5.423937{col 44}{space 1}   -2.44{col 53}{space 3}0.016{col 61}{space 4}-23.93465{col 74}{space 3}-2.486476
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 3.001629{col 33}{space 2} 9.292695{col 44}{space 1}    0.32{col 53}{space 3}0.747{col 61}{space 4}-15.37168{col 74}{space 3} 21.37494
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 1.301037{col 33}{space 2} 7.382814{col 44}{space 1}    0.18{col 53}{space 3}0.860{col 61}{space 4} -13.2961{col 74}{space 3} 15.89817
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-12.39675{col 33}{space 2} 6.339604{col 44}{space 1}   -1.96{col 53}{space 3}0.053{col 61}{space 4}-24.93127{col 74}{space 3} .1377773
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-3.471183{col 33}{space 2} 1.645389{col 44}{space 1}   -2.11{col 53}{space 3}0.037{col 61}{space 4}-6.724408{col 74}{space 3} -.217957
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 3.785459{col 33}{space 2}  1.88953{col 44}{space 1}    2.00{col 53}{space 3}0.047{col 61}{space 4} .0495217{col 74}{space 3} 7.521397
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0611451{col 33}{space 2} .6996556{col 44}{space 1}    0.09{col 53}{space 3}0.930{col 61}{space 4}-1.322198{col 74}{space 3} 1.444489
{txt}{space 13}female {c |}{col 21}{res}{space 2}-5.173373{col 33}{space 2} 3.748578{col 44}{space 1}   -1.38{col 53}{space 3}0.170{col 61}{space 4}-12.58498{col 74}{space 3} 2.238231
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-1.588457{col 33}{space 2} 3.178584{col 44}{space 1}   -0.50{col 53}{space 3}0.618{col 61}{space 4}-7.873083{col 74}{space 3} 4.696169
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 70.09035{col 33}{space 2} 10.01371{col 44}{space 1}    7.00{col 53}{space 3}0.000{col 61}{space 4} 50.29146{col 74}{space 3} 89.88924
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.863043{col 26}{space 2} 3.250549{col 37}{space 1}    1.19{col 46}{space 3}0.237{col 54}{space 4}-2.563869{col 67}{space 3} 10.28996
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}3.8630433

{txt}added scalar:
               e(sd32) =  {res}3.2505488

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 20.07524{col 26}{space 2}  7.97743{col 37}{space 1}    2.52{col 46}{space 3}0.013{col 54}{space 4}  4.30244{col 67}{space 3} 35.84803
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}20.075236

{txt}added scalar:
               e(sd42) =  {res}7.9774297

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.37464{col 26}{space 2} 6.130787{col 37}{space 1}    3.00{col 46}{space 3}0.003{col 54}{space 4} 6.252988{col 67}{space 3}  30.4963
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}18.374644

{txt}added scalar:
               e(sd52) =  {res}6.1307871

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.676862{col 26}{space 2} 4.251921{col 37}{space 1}    1.10{col 46}{space 3}0.273{col 54}{space 4}-3.729941{col 67}{space 3} 13.08366
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}4.6768616

{txt}added scalar:
               e(sd62) =  {res}4.2519208

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 16.21219{col 26}{space 2} 7.864176{col 37}{space 1}    2.06{col 46}{space 3}0.041{col 54}{space 4} .6633192{col 67}{space 3} 31.76107
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}16.212193

{txt}added scalar:
               e(sd43) =  {res}7.8641759

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  14.5116{col 26}{space 2}  5.45079{col 37}{space 1}    2.66{col 46}{space 3}0.009{col 54}{space 4}  3.73442{col 67}{space 3} 25.28878
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}14.511601

{txt}added scalar:
               e(sd53) =  {res}5.4507901

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8138183{col 26}{space 2} 4.193125{col 37}{space 1}    0.19{col 46}{space 3}0.846{col 54}{space 4}-7.476735{col 67}{space 3} 9.104372
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.81381833

{txt}added scalar:
               e(sd63) =  {res}4.193125

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.700592{col 26}{space 2} 9.185256{col 37}{space 1}   -0.19{col 46}{space 3}0.853{col 54}{space 4}-19.86148{col 67}{space 3} 16.46029
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.7005917

{txt}added scalar:
               e(sd54) =  {res}9.1852564

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-15.39837{col 26}{space 2} 8.038458{col 37}{space 1}   -1.92{col 46}{space 3}0.057{col 54}{space 4}-31.29183{col 67}{space 3} .4950865
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-15.398374

{txt}added scalar:
               e(sd64) =  {res}8.0384583

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-13.69778{col 26}{space 2} 6.317372{col 37}{space 1}   -2.17{col 46}{space 3}0.032{col 54}{space 4}-26.18835{col 67}{space 3}-1.207215
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-13.697782

{txt}added scalar:
               e(sd65) =  {res}6.317372

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con31 {c |}{res}          1     81.3874           .    81.3874    81.3874

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con31 {c |}{res}          1     71.8246           .    71.8246    71.8246

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con31 {c |}{res}          1     77.6542           .    77.6542    77.6542

{txt}added scalar:
             e(mean21) =  {res}-9.5627975

{txt}added scalar:
             e(mean31) =  {res}-3.7332001

{txt}added scalar:
             e(mean32) =  {res}5.8295975

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}    10.17
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4112
                                                {txt}Root MSE          =    {res} 5.9547

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}              con35{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-10.19645{col 33}{space 2} 1.635159{col 44}{space 1}   -6.24{col 53}{space 3}0.000{col 61}{space 4}-13.42945{col 74}{space 3}-6.963446
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-6.846995{col 33}{space 2}  1.54728{col 44}{space 1}   -4.43{col 53}{space 3}0.000{col 61}{space 4}-9.906242{col 74}{space 3}-3.787747
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.291782{col 33}{space 2} 2.139736{col 44}{space 1}    0.60{col 53}{space 3}0.547{col 61}{space 4}-2.938856{col 74}{space 3}  5.52242
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .1759888{col 33}{space 2} 2.038052{col 44}{space 1}    0.09{col 53}{space 3}0.931{col 61}{space 4}-3.853602{col 74}{space 3}  4.20558
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-7.085372{col 33}{space 2} 1.958243{col 44}{space 1}   -3.62{col 53}{space 3}0.000{col 61}{space 4}-10.95717{col 74}{space 3}-3.213578
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-1.012587{col 33}{space 2} .4482703{col 44}{space 1}   -2.26{col 53}{space 3}0.025{col 61}{space 4}-1.898897{col 74}{space 3}-.1262773
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 1.150683{col 33}{space 2} .7025194{col 44}{space 1}    1.64{col 53}{space 3}0.104{col 61}{space 4}-.2383229{col 74}{space 3} 2.539689
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}  .007531{col 33}{space 2} .2222601{col 44}{space 1}    0.03{col 53}{space 3}0.973{col 61}{space 4}-.4319167{col 74}{space 3} .4469787
{txt}{space 13}female {c |}{col 21}{res}{space 2}-4.025745{col 33}{space 2} 1.044679{col 44}{space 1}   -3.85{col 53}{space 3}0.000{col 61}{space 4}-6.091261{col 74}{space 3}-1.960229
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1654049{col 33}{space 2} .8616011{col 44}{space 1}    0.19{col 53}{space 3}0.848{col 61}{space 4}-1.538134{col 74}{space 3} 1.868943
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 77.38349{col 33}{space 2} 2.244455{col 44}{space 1}   34.48{col 53}{space 3}0.000{col 61}{space 4}  72.9458{col 74}{space 3} 81.82118
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.349451{col 26}{space 2}  1.29453{col 37}{space 1}    2.59{col 46}{space 3}0.011{col 54}{space 4} .7899355{col 67}{space 3} 5.908967
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}3.3494512

{txt}added scalar:
               e(sd32) =  {res}1.2945299

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 11.48823{col 26}{space 2} 1.959887{col 37}{space 1}    5.86{col 46}{space 3}0.000{col 54}{space 4} 7.613183{col 67}{space 3} 15.36327
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}11.488228

{txt}added scalar:
               e(sd42) =  {res}1.9598871

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 10.37243{col 26}{space 2} 1.847254{col 37}{space 1}    5.62{col 46}{space 3}0.000{col 54}{space 4} 6.720085{col 67}{space 3} 14.02478
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}10.372435

{txt}added scalar:
               e(sd52) =  {res}1.8472543

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.111074{col 26}{space 2} 1.701455{col 37}{space 1}    1.83{col 46}{space 3}0.070{col 54}{space 4} -.253005{col 67}{space 3} 6.475153
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}3.111074

{txt}added scalar:
               e(sd62) =  {res}1.7014551

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 8.138777{col 26}{space 2}  1.78082{col 37}{space 1}    4.57{col 46}{space 3}0.000{col 54}{space 4} 4.617779{col 67}{space 3} 11.65978
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}8.1387769

{txt}added scalar:
               e(sd43) =  {res}1.7808203

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.022983{col 26}{space 2} 1.585499{col 37}{space 1}    4.43{col 46}{space 3}0.000{col 54}{space 4} 3.888169{col 67}{space 3}  10.1578
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}7.0229834

{txt}added scalar:
               e(sd53) =  {res}1.5854994

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2383771{col 26}{space 2} 1.557521{col 37}{space 1}   -0.15{col 46}{space 3}0.879{col 54}{space 4}-3.317874{col 67}{space 3} 2.841119
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.23837714

{txt}added scalar:
               e(sd63) =  {res}1.5575213

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.115793{col 26}{space 2} 2.141583{col 37}{space 1}   -0.52{col 46}{space 3}0.603{col 54}{space 4}-5.350083{col 67}{space 3} 3.118496
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.1157934

{txt}added scalar:
               e(sd54) =  {res}2.1415827

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-8.377154{col 26}{space 2} 2.115999{col 37}{space 1}   -3.96{col 46}{space 3}0.000{col 54}{space 4}-12.56086{col 67}{space 3}-4.193448
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-8.377154

{txt}added scalar:
               e(sd64) =  {res}2.1159992

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       con35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-7.261361{col 26}{space 2} 1.997608{col 37}{space 1}   -3.64{col 46}{space 3}0.000{col 54}{space 4}-11.21099{col 67}{space 3}-3.311735
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-7.2613606

{txt}added scalar:
               e(sd65) =  {res}1.9976079

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con35 {c |}{res}          1    77.15857           .   77.15857   77.15857

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con35 {c |}{res}          1    72.23672           .   72.23672   72.23672

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 7}con35 {c |}{res}          1    75.31017           .   75.31017   75.31017

{txt}added scalar:
             e(mean21) =  {res}-4.9218521

{txt}added scalar:
             e(mean31) =  {res}-1.8483963

{txt}added scalar:
             e(mean32) =  {res}3.0734558
{txt}
{com}. 
. esttab con* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32 , fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title(" consumption")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. *net worth
.  est clear
{txt}
{com}. foreach i of numlist 1(5)21 25 26 31 35{c -(}
{txt}  2{com}. reg networth`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum networth`i' if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. est store networth`i'
{txt} 18{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    10.43
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2913
                                                {txt}Root MSE          =    {res} 17.013

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}          networth1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-23.06249{col 33}{space 2} 3.995828{col 44}{space 1}   -5.77{col 53}{space 3}0.000{col 61}{space 4}-30.94602{col 74}{space 3}-15.17895
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-21.56632{col 33}{space 2} 3.881998{col 44}{space 1}   -5.56{col 53}{space 3}0.000{col 61}{space 4}-29.22527{col 74}{space 3}-13.90737
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-5.454123{col 33}{space 2} 3.738713{col 44}{space 1}   -1.46{col 53}{space 3}0.146{col 61}{space 4}-12.83038{col 74}{space 3} 1.922136
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-9.354132{col 33}{space 2} 3.193683{col 44}{space 1}   -2.93{col 53}{space 3}0.004{col 61}{space 4}-15.65508{col 74}{space 3}-3.053184
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-23.31539{col 33}{space 2} 4.237625{col 44}{space 1}   -5.50{col 53}{space 3}0.000{col 61}{space 4}-31.67597{col 74}{space 3}-14.95481
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.9699731{col 33}{space 2} 1.099161{col 44}{space 1}   -0.88{col 53}{space 3}0.379{col 61}{space 4}-3.138552{col 74}{space 3} 1.198606
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 3.195335{col 33}{space 2}   1.5916{col 44}{space 1}    2.01{col 53}{space 3}0.046{col 61}{space 4} .0552026{col 74}{space 3} 6.335468
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .1209636{col 33}{space 2} .5185669{col 44}{space 1}    0.23{col 53}{space 3}0.816{col 61}{space 4}-.9021381{col 74}{space 3} 1.144065
{txt}{space 13}female {c |}{col 21}{res}{space 2}-9.198748{col 33}{space 2} 2.432544{col 44}{space 1}   -3.78{col 53}{space 3}0.000{col 61}{space 4}-13.99801{col 74}{space 3}-4.399484
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .7328379{col 33}{space 2} 1.190521{col 44}{space 1}    0.62{col 53}{space 3}0.539{col 61}{space 4}-1.615989{col 74}{space 3} 3.081665
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 55.13894{col 33}{space 2} 5.975565{col 44}{space 1}    9.23{col 53}{space 3}0.000{col 61}{space 4}  43.3495{col 74}{space 3} 66.92837
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.496165{col 26}{space 2} 4.282934{col 37}{space 1}    0.35{col 46}{space 3}0.727{col 54}{space 4} -6.95381{col 67}{space 3}  9.94614
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}1.4961651

{txt}added scalar:
               e(sd32) =  {res}4.2829344

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 17.60836{col 26}{space 2} 4.133488{col 37}{space 1}    4.26{col 46}{space 3}0.000{col 54}{space 4} 9.453236{col 67}{space 3} 25.76349
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}17.608362

{txt}added scalar:
               e(sd42) =  {res}4.1334878

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 13.70835{col 26}{space 2} 3.621632{col 37}{space 1}    3.79{col 46}{space 3}0.000{col 54}{space 4} 6.563088{col 67}{space 3} 20.85362
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}13.708354

{txt}added scalar:
               e(sd52) =  {res}3.6216324

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2529054{col 26}{space 2} 4.527906{col 37}{space 1}   -0.06{col 46}{space 3}0.956{col 54}{space 4}-9.186195{col 67}{space 3} 8.680385
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.25290535

{txt}added scalar:
               e(sd62) =  {res}4.5279064

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  16.1122{col 26}{space 2} 3.970951{col 37}{space 1}    4.06{col 46}{space 3}0.000{col 54}{space 4} 8.277747{col 67}{space 3} 23.94665
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}16.112197

{txt}added scalar:
               e(sd43) =  {res}3.9709509

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 12.21219{col 26}{space 2} 3.443423{col 37}{space 1}    3.55{col 46}{space 3}0.000{col 54}{space 4} 5.418521{col 67}{space 3} 19.00586
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}12.212189

{txt}added scalar:
               e(sd53) =  {res}3.4434225

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.74907{col 26}{space 2} 4.447278{col 37}{space 1}   -0.39{col 46}{space 3}0.695{col 54}{space 4}-10.52329{col 67}{space 3} 7.025145
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-1.7490705

{txt}added scalar:
               e(sd63) =  {res}4.4472784

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.900008{col 26}{space 2} 3.222951{col 37}{space 1}   -1.21{col 46}{space 3}0.228{col 54}{space 4} -10.2587{col 67}{space 3} 2.458682
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-3.9000084

{txt}added scalar:
               e(sd54) =  {res}3.2229507

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-17.86127{col 26}{space 2}  4.17863{col 37}{space 1}   -4.27{col 46}{space 3}0.000{col 54}{space 4}-26.10546{col 67}{space 3}-9.617078
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-17.861267

{txt}added scalar:
               e(sd64) =  {res}4.1786303

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-13.96126{col 26}{space 2} 3.749423{col 37}{space 1}   -3.72{col 46}{space 3}0.000{col 54}{space 4}-21.35865{col 67}{space 3} -6.56387
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-13.961259

{txt}added scalar:
               e(sd65) =  {res}3.7494231

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}networth1 {c |}{res}          1    35.83472           .   35.83472   35.83472

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}networth1 {c |}{res}          1    27.70133           .   27.70133   27.70133

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}networth1 {c |}{res}          1    30.11739           .   30.11739   30.11739

{txt}added scalar:
             e(mean21) =  {res}-8.1333885

{txt}added scalar:
             e(mean31) =  {res}-5.7173347

{txt}added scalar:
             e(mean32) =  {res}2.4160538

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    18.41
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3918
                                                {txt}Root MSE          =    {res} 69.983

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}          networth6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -128.574{col 33}{space 2} 16.31196{col 44}{space 1}   -7.88{col 53}{space 3}0.000{col 61}{space 4}-160.7565{col 74}{space 3}-96.39148
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-115.9742{col 33}{space 2} 16.20246{col 44}{space 1}   -7.16{col 53}{space 3}0.000{col 61}{space 4}-147.9407{col 74}{space 3}-84.00776
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-15.97459{col 33}{space 2} 16.92343{col 44}{space 1}   -0.94{col 53}{space 3}0.346{col 61}{space 4}-49.36352{col 74}{space 3} 17.41433
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-25.93963{col 33}{space 2}  15.1962{col 44}{space 1}   -1.71{col 53}{space 3}0.090{col 61}{space 4}-55.92083{col 74}{space 3} 4.041574
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-95.13213{col 33}{space 2}  18.7899{col 44}{space 1}   -5.06{col 53}{space 3}0.000{col 61}{space 4}-132.2035{col 74}{space 3}-58.06078
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-2.002341{col 33}{space 2} 4.642928{col 44}{space 1}   -0.43{col 53}{space 3}0.667{col 61}{space 4}-11.16256{col 74}{space 3}  7.15788
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}  10.6669{col 33}{space 2} 6.764941{col 44}{space 1}    1.58{col 53}{space 3}0.117{col 61}{space 4} -2.67993{col 74}{space 3} 24.01372
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 1.344241{col 33}{space 2} 2.228028{col 44}{space 1}    0.60{col 53}{space 3}0.547{col 61}{space 4}-3.051525{col 74}{space 3} 5.740007
{txt}{space 13}female {c |}{col 21}{res}{space 2}-34.56611{col 33}{space 2} 9.960713{col 44}{space 1}   -3.47{col 53}{space 3}0.001{col 61}{space 4}  -54.218{col 74}{space 3}-14.91421
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 3.608989{col 33}{space 2} 4.810062{col 44}{space 1}    0.75{col 53}{space 3}0.454{col 61}{space 4}-5.880977{col 74}{space 3} 13.09895
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 201.9069{col 33}{space 2} 25.06856{col 44}{space 1}    8.05{col 53}{space 3}0.000{col 61}{space 4} 152.4481{col 74}{space 3} 251.3657
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 12.59976{col 26}{space 2} 15.59354{col 37}{space 1}    0.81{col 46}{space 3}0.420{col 54}{space 4}-18.16536{col 67}{space 3} 43.36488
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}12.599761

{txt}added scalar:
               e(sd32) =  {res}15.593535

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 112.5994{col 26}{space 2} 16.21636{col 37}{space 1}    6.94{col 46}{space 3}0.000{col 54}{space 4}  80.6055{col 67}{space 3} 144.5933
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}112.59941

{txt}added scalar:
               e(sd42) =  {res}16.216358

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 102.6344{col 26}{space 2} 14.36026{col 37}{space 1}    7.15{col 46}{space 3}0.000{col 54}{space 4} 74.30244{col 67}{space 3} 130.9663
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}102.63437

{txt}added scalar:
               e(sd52) =  {res}14.360258

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 33.44187{col 26}{space 2} 18.08986{col 37}{space 1}    1.85{col 46}{space 3}0.066{col 54}{space 4}-2.248352{col 67}{space 3}  69.1321
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}33.441875

{txt}added scalar:
               e(sd62) =  {res}18.089864

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 99.99965{col 26}{space 2}  15.7162{col 37}{space 1}    6.36{col 46}{space 3}0.000{col 54}{space 4} 68.99252{col 67}{space 3} 131.0068
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}99.999649

{txt}added scalar:
               e(sd43) =  {res}15.716199

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 90.03461{col 26}{space 2} 13.75147{col 37}{space 1}    6.55{col 46}{space 3}0.000{col 54}{space 4} 62.90379{col 67}{space 3} 117.1654
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}90.034614

{txt}added scalar:
               e(sd53) =  {res}13.751468

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 20.84211{col 26}{space 2} 17.46094{col 37}{space 1}    1.19{col 46}{space 3}0.234{col 54}{space 4}-13.60727{col 67}{space 3}  55.2915
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}20.842114

{txt}added scalar:
               e(sd63) =  {res}17.460936

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-9.965035{col 26}{space 2}  14.5235{col 37}{space 1}   -0.69{col 46}{space 3}0.493{col 54}{space 4}-38.61904{col 67}{space 3} 18.68897
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-9.965035

{txt}added scalar:
               e(sd54) =  {res}14.523501

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-79.15753{col 26}{space 2} 17.82711{col 37}{space 1}   -4.44{col 46}{space 3}0.000{col 54}{space 4}-114.3294{col 67}{space 3}-43.98571
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-79.157535

{txt}added scalar:
               e(sd64) =  {res}17.827108

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   networth6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -69.1925{col 26}{space 2} 16.40496{col 37}{space 1}   -4.22{col 46}{space 3}0.000{col 54}{space 4}-101.5585{col 67}{space 3}-36.82649
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-69.1925

{txt}added scalar:
               e(sd65) =  {res}16.404961

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}networth6 {c |}{res}          1    169.2317           .   169.2317   169.2317

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}networth6 {c |}{res}          1    134.1655           .   134.1655   134.1655

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}networth6 {c |}{res}          1    142.8608           .   142.8608   142.8608

{txt}added scalar:
             e(mean21) =  {res}-35.066208

{txt}added scalar:
             e(mean31) =  {res}-26.37088

{txt}added scalar:
             e(mean32) =  {res}8.6953278

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    28.06
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.4775
                                                {txt}Root MSE          =    {res} 147.46

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-329.2674{col 33}{space 2}   32.612{col 44}{space 1}  -10.10{col 53}{space 3}0.000{col 61}{space 4}-393.6089{col 74}{space 3}-264.9258
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-303.5955{col 33}{space 2} 34.45182{col 44}{space 1}   -8.81{col 53}{space 3}0.000{col 61}{space 4}-371.5669{col 74}{space 3}-235.6241
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-28.42729{col 33}{space 2} 39.18328{col 44}{space 1}   -0.73{col 53}{space 3}0.469{col 61}{space 4}-105.7336{col 74}{space 3} 48.87899
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-50.82962{col 33}{space 2} 35.76136{col 44}{space 1}   -1.42{col 53}{space 3}0.157{col 61}{space 4}-121.3847{col 74}{space 3} 19.72542
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-213.5743{col 33}{space 2} 41.46903{col 44}{space 1}   -5.15{col 53}{space 3}0.000{col 61}{space 4}-295.3902{col 74}{space 3}-131.7584
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-5.193666{col 33}{space 2} 9.936935{col 44}{space 1}   -0.52{col 53}{space 3}0.602{col 61}{space 4}-24.79865{col 74}{space 3} 14.41132
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 21.41254{col 33}{space 2} 14.81164{col 44}{space 1}    1.45{col 53}{space 3}0.150{col 61}{space 4}-7.809955{col 74}{space 3} 50.63503
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 2.550933{col 33}{space 2} 4.729188{col 44}{space 1}    0.54{col 53}{space 3}0.590{col 61}{space 4}-6.779473{col 74}{space 3} 11.88134
{txt}{space 13}female {c |}{col 21}{res}{space 2}-59.24857{col 33}{space 2} 21.09475{col 44}{space 1}   -2.81{col 53}{space 3}0.006{col 61}{space 4}-100.8673{col 74}{space 3}-17.62987
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} 2.514998{col 33}{space 2} 9.864382{col 44}{space 1}    0.25{col 53}{space 3}0.799{col 61}{space 4}-16.94684{col 74}{space 3} 21.97684
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 422.8362{col 33}{space 2} 53.94925{col 44}{space 1}    7.84{col 53}{space 3}0.000{col 61}{space 4} 316.3975{col 74}{space 3} 529.2748
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 25.67186{col 26}{space 2} 26.61088{col 37}{space 1}    0.96{col 46}{space 3}0.336{col 54}{space 4}-26.82983{col 67}{space 3} 78.17354
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}25.671857

{txt}added scalar:
               e(sd32) =  {res}26.610881

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 300.8401{col 26}{space 2} 32.20223{col 37}{space 1}    9.34{col 46}{space 3}0.000{col 54}{space 4}  237.307{col 67}{space 3} 364.3731
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}300.84006

{txt}added scalar:
               e(sd42) =  {res}32.202228

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 278.4377{col 26}{space 2} 27.88459{col 37}{space 1}    9.99{col 46}{space 3}0.000{col 54}{space 4} 223.4231{col 67}{space 3} 333.4524
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}278.43774

{txt}added scalar:
               e(sd52) =  {res}27.884588

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 115.6931{col 26}{space 2} 34.74491{col 37}{space 1}    3.33{col 46}{space 3}0.001{col 54}{space 4} 47.14342{col 67}{space 3} 184.2427
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}115.69306

{txt}added scalar:
               e(sd62) =  {res}34.744911

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 275.1682{col 26}{space 2} 32.98537{col 37}{space 1}    8.34{col 46}{space 3}0.000{col 54}{space 4}   210.09{col 67}{space 3} 340.2464
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}275.16821

{txt}added scalar:
               e(sd43) =  {res}32.98537

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 252.7659{col 26}{space 2} 28.73322{col 37}{space 1}    8.80{col 46}{space 3}0.000{col 54}{space 4}  196.077{col 67}{space 3} 309.4548
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}252.76588

{txt}added scalar:
               e(sd53) =  {res}28.733217

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  90.0212{col 26}{space 2} 35.21645{col 37}{space 1}    2.56{col 46}{space 3}0.011{col 54}{space 4} 20.54123{col 67}{space 3} 159.5012
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}90.021203

{txt}added scalar:
               e(sd63) =  {res}35.216453

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-22.40232{col 26}{space 2} 34.39876{col 37}{space 1}   -0.65{col 46}{space 3}0.516{col 54}{space 4}-90.26903{col 67}{space 3} 45.46439
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-22.402324

{txt}added scalar:
               e(sd54) =  {res}34.398761

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -185.147{col 26}{space 2} 39.59184{col 37}{space 1}   -4.68{col 46}{space 3}0.000{col 54}{space 4}-263.2594{col 67}{space 3}-107.0347
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-185.147

{txt}added scalar:
               e(sd64) =  {res}39.591841

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-162.7447{col 26}{space 2}  36.4472{col 37}{space 1}   -4.47{col 46}{space 3}0.000{col 54}{space 4}-234.6528{col 67}{space 3}-90.83651
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-162.74468

{txt}added scalar:
               e(sd65) =  {res}36.447203

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth11 {c |}{res}          1    347.4545           .   347.4545   347.4545

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth11 {c |}{res}          1    268.5754           .   268.5754   268.5754

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth11 {c |}{res}          1    291.1451           .   291.1451   291.1451

{txt}added scalar:
             e(mean21) =  {res}-78.879089

{txt}added scalar:
             e(mean31) =  {res}-56.309418

{txt}added scalar:
             e(mean32) =  {res}22.569672

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    21.14
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3944
                                                {txt}Root MSE          =    {res} 201.31

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth16{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -392.384{col 33}{space 2} 44.84453{col 44}{space 1}   -8.75{col 53}{space 3}0.000{col 61}{space 4}-480.8596{col 74}{space 3}-303.9084
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-361.9887{col 33}{space 2} 45.49409{col 44}{space 1}   -7.96{col 53}{space 3}0.000{col 61}{space 4}-451.7458{col 74}{space 3}-272.2316
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -84.2712{col 33}{space 2} 54.11283{col 44}{space 1}   -1.56{col 53}{space 3}0.121{col 61}{space 4}-191.0326{col 74}{space 3} 22.49019
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-50.38658{col 33}{space 2} 53.54298{col 44}{space 1}   -0.94{col 53}{space 3}0.348{col 61}{space 4}-156.0237{col 74}{space 3} 55.25054
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} -249.912{col 33}{space 2} 55.53936{col 44}{space 1}   -4.50{col 53}{space 3}0.000{col 61}{space 4}-359.4879{col 74}{space 3}-140.3362
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-9.291011{col 33}{space 2} 13.18666{col 44}{space 1}   -0.70{col 53}{space 3}0.482{col 61}{space 4} -35.3075{col 74}{space 3} 16.72548
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 31.01536{col 33}{space 2} 18.44918{col 44}{space 1}    1.68{col 53}{space 3}0.094{col 61}{space 4}-5.383782{col 74}{space 3}  67.4145
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 2.129472{col 33}{space 2} 6.702384{col 44}{space 1}    0.32{col 53}{space 3}0.751{col 61}{space 4}-11.09393{col 74}{space 3} 15.35288
{txt}{space 13}female {c |}{col 21}{res}{space 2}-71.01044{col 33}{space 2} 26.86644{col 44}{space 1}   -2.64{col 53}{space 3}0.009{col 61}{space 4}-124.0163{col 74}{space 3}-18.00454
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-13.50351{col 33}{space 2} 14.26014{col 44}{space 1}   -0.95{col 53}{space 3}0.345{col 61}{space 4}-41.63793{col 74}{space 3}  14.6309
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 455.8424{col 33}{space 2} 68.87123{col 44}{space 1}    6.62{col 53}{space 3}0.000{col 61}{space 4} 319.9636{col 74}{space 3} 591.7213
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 30.39529{col 26}{space 2} 28.75793{col 37}{space 1}    1.06{col 46}{space 3}0.292{col 54}{space 4}-26.34239{col 67}{space 3} 87.13297
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}30.395291

{txt}added scalar:
               e(sd32) =  {res}28.757927

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 308.1128{col 26}{space 2} 41.64888{col 37}{space 1}    7.40{col 46}{space 3}0.000{col 54}{space 4}  225.942{col 67}{space 3} 390.2835
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}308.11277

{txt}added scalar:
               e(sd42) =  {res}41.648884

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 341.9974{col 26}{space 2} 40.33671{col 37}{space 1}    8.48{col 46}{space 3}0.000{col 54}{space 4} 262.4155{col 67}{space 3} 421.5793
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}341.99739

{txt}added scalar:
               e(sd52) =  {res}40.336713

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 142.4719{col 26}{space 2} 42.55709{col 37}{space 1}    3.35{col 46}{space 3}0.001{col 54}{space 4} 58.50934{col 67}{space 3} 226.4345
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}142.47194

{txt}added scalar:
               e(sd62) =  {res}42.557086

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 277.7175{col 26}{space 2} 41.18568{col 37}{space 1}    6.74{col 46}{space 3}0.000{col 54}{space 4} 196.4606{col 67}{space 3} 358.9744
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}277.71748

{txt}added scalar:
               e(sd43) =  {res}41.185679

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 311.6021{col 26}{space 2} 39.42309{col 37}{space 1}    7.90{col 46}{space 3}0.000{col 54}{space 4} 233.8227{col 67}{space 3} 389.3815
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}311.6021

{txt}added scalar:
               e(sd53) =  {res}39.423092

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 112.0766{col 26}{space 2} 41.98073{col 37}{space 1}    2.67{col 46}{space 3}0.008{col 54}{space 4} 29.25117{col 67}{space 3} 194.9021
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}112.07665

{txt}added scalar:
               e(sd63) =  {res}41.98073

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 33.88462{col 26}{space 2}  49.2475{col 37}{space 1}    0.69{col 46}{space 3}0.492{col 54}{space 4}-63.27777{col 67}{space 3}  131.047
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}33.884619

{txt}added scalar:
               e(sd54) =  {res}49.247501

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-165.6408{col 26}{space 2} 50.69142{col 37}{space 1}   -3.27{col 46}{space 3}0.001{col 54}{space 4} -265.652{col 67}{space 3}-65.62968
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-165.64083

{txt}added scalar:
               e(sd64) =  {res}50.691416

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-199.5254{col 26}{space 2} 50.28575{col 37}{space 1}   -3.97{col 46}{space 3}0.000{col 54}{space 4}-298.7362{col 67}{space 3}-100.3147
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-199.52545

{txt}added scalar:
               e(sd65) =  {res}50.285746

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth16 {c |}{res}          1    409.2144           .   409.2144   409.2144

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth16 {c |}{res}          1    300.1771           .   300.1771   300.1771

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth16 {c |}{res}          1    336.0987           .   336.0987   336.0987

{txt}added scalar:
             e(mean21) =  {res}-109.03738

{txt}added scalar:
             e(mean31) =  {res}-73.115753

{txt}added scalar:
             e(mean32) =  {res}35.921631

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     5.89
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1509
                                                {txt}Root MSE          =    {res} 254.39

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth21{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-274.2973{col 33}{space 2} 70.39223{col 44}{space 1}   -3.90{col 53}{space 3}0.000{col 61}{space 4}-413.1769{col 74}{space 3}-135.4176
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-257.0723{col 33}{space 2} 68.61993{col 44}{space 1}   -3.75{col 53}{space 3}0.000{col 61}{space 4}-392.4554{col 74}{space 3}-121.6893
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-121.5509{col 33}{space 2} 73.51508{col 44}{space 1}   -1.65{col 53}{space 3}0.100{col 61}{space 4}-266.5918{col 74}{space 3} 23.48996
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-38.79703{col 33}{space 2} 79.79553{col 44}{space 1}   -0.49{col 53}{space 3}0.627{col 61}{space 4}-196.2289{col 74}{space 3} 118.6348
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-177.7818{col 33}{space 2} 79.17665{col 44}{space 1}   -2.25{col 53}{space 3}0.026{col 61}{space 4}-333.9926{col 74}{space 3}-21.57094
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-12.18672{col 33}{space 2} 16.02482{col 44}{space 1}   -0.76{col 53}{space 3}0.448{col 61}{space 4}-43.80275{col 74}{space 3} 19.42931
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 26.30543{col 33}{space 2}    18.51{col 44}{space 1}    1.42{col 53}{space 3}0.157{col 61}{space 4}-10.21369{col 74}{space 3} 62.82456
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}  1.08568{col 33}{space 2} 8.093079{col 44}{space 1}    0.13{col 53}{space 3}0.893{col 61}{space 4}-14.88148{col 74}{space 3} 17.05284
{txt}{space 13}female {c |}{col 21}{res}{space 2} -22.6968{col 33}{space 2} 31.66662{col 44}{space 1}   -0.72{col 53}{space 3}0.474{col 61}{space 4}-85.17317{col 74}{space 3} 39.77956
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-27.15128{col 33}{space 2} 18.37406{col 44}{space 1}   -1.48{col 53}{space 3}0.141{col 61}{space 4} -63.4022{col 74}{space 3} 9.099648
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 310.8557{col 33}{space 2} 88.78308{col 44}{space 1}    3.50{col 53}{space 3}0.001{col 61}{space 4} 135.6919{col 74}{space 3} 486.0194
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 17.22492{col 26}{space 2} 27.84905{col 37}{space 1}    0.62{col 46}{space 3}0.537{col 54}{space 4}-37.71959{col 67}{space 3} 72.16943
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}17.224922

{txt}added scalar:
               e(sd32) =  {res}27.849047

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 152.7463{col 26}{space 2}  40.7901{col 37}{space 1}    3.74{col 46}{space 3}0.000{col 54}{space 4} 72.26989{col 67}{space 3} 233.2228
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}152.74634

{txt}added scalar:
               e(sd42) =  {res}40.790104

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 235.5002{col 26}{space 2} 48.46595{col 37}{space 1}    4.86{col 46}{space 3}0.000{col 54}{space 4} 139.8798{col 67}{space 3} 331.1207
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}235.50022

{txt}added scalar:
               e(sd52) =  {res}48.465953

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 96.51549{col 26}{space 2} 46.27189{col 37}{space 1}    2.09{col 46}{space 3}0.038{col 54}{space 4} 5.223807{col 67}{space 3} 187.8072
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}96.515493

{txt}added scalar:
               e(sd62) =  {res}46.271889

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 135.5214{col 26}{space 2} 40.11884{col 37}{space 1}    3.38{col 46}{space 3}0.001{col 54}{space 4} 56.36934{col 67}{space 3} 214.6735
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}135.52142

{txt}added scalar:
               e(sd43) =  {res}40.118836

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 218.2753{col 26}{space 2} 47.74962{col 37}{space 1}    4.57{col 46}{space 3}0.000{col 54}{space 4} 124.0681{col 67}{space 3} 312.4825
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}218.2753

{txt}added scalar:
               e(sd53) =  {res}47.749621

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 79.29057{col 26}{space 2} 44.38202{col 37}{space 1}    1.79{col 46}{space 3}0.076{col 54}{space 4}-8.272519{col 67}{space 3} 166.8537
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}79.290571

{txt}added scalar:
               e(sd63) =  {res}44.382022

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 82.75388{col 26}{space 2}  55.1696{col 37}{space 1}    1.50{col 46}{space 3}0.135{col 54}{space 4}-26.09245{col 67}{space 3} 191.6002
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}82.753882

{txt}added scalar:
               e(sd54) =  {res}55.169596

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-56.23085{col 26}{space 2} 50.29652{col 37}{space 1}   -1.12{col 46}{space 3}0.265{col 54}{space 4}-155.4629{col 67}{space 3}  43.0012
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-56.230847

{txt}added scalar:
               e(sd64) =  {res}50.296522

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-138.9847{col 26}{space 2} 59.14292{col 37}{space 1}   -2.35{col 46}{space 3}0.020{col 54}{space 4}-255.6702{col 67}{space 3}-22.29927
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-138.98473

{txt}added scalar:
               e(sd65) =  {res}59.142915

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth21 {c |}{res}          1    397.5272           .   397.5272   397.5272

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth21 {c |}{res}          1    272.3624           .   272.3624   272.3624

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth21 {c |}{res}          1    318.6401           .   318.6401   318.6401

{txt}added scalar:
             e(mean21) =  {res}-125.16479

{txt}added scalar:
             e(mean31) =  {res}-78.887085

{txt}added scalar:
             e(mean32) =  {res}46.27771

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    18.49
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3686
                                                {txt}Root MSE          =    {res} 123.18

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth25{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -229.517{col 33}{space 2} 30.02862{col 44}{space 1}   -7.64{col 53}{space 3}0.000{col 61}{space 4}-288.7617{col 74}{space 3}-170.2723
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-212.0394{col 33}{space 2} 30.12228{col 44}{space 1}   -7.04{col 53}{space 3}0.000{col 61}{space 4}-271.4689{col 74}{space 3}-152.6099
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-51.13563{col 33}{space 2} 33.82955{col 44}{space 1}   -1.51{col 53}{space 3}0.132{col 61}{space 4}-117.8793{col 74}{space 3} 15.60807
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} -35.0614{col 33}{space 2} 33.58021{col 44}{space 1}   -1.04{col 53}{space 3}0.298{col 61}{space 4}-101.3132{col 74}{space 3} 31.19036
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-151.9431{col 33}{space 2}  36.2093{col 44}{space 1}   -4.20{col 53}{space 3}0.000{col 61}{space 4}-223.3819{col 74}{space 3}-80.50432
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-5.928742{col 33}{space 2}  8.24057{col 44}{space 1}   -0.72{col 53}{space 3}0.473{col 61}{space 4} -22.1869{col 74}{space 3} 10.32941
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 18.51911{col 33}{space 2} 11.01192{col 44}{space 1}    1.68{col 53}{space 3}0.094{col 61}{space 4}-3.206758{col 74}{space 3} 40.24498
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 1.446258{col 33}{space 2} 4.159545{col 44}{space 1}    0.35{col 53}{space 3}0.728{col 61}{space 4}-6.760278{col 74}{space 3} 9.652794
{txt}{space 13}female {c |}{col 21}{res}{space 2}-39.34413{col 33}{space 2} 16.37024{col 44}{space 1}   -2.40{col 53}{space 3}0.017{col 61}{space 4}-71.64164{col 74}{space 3}-7.046624
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-6.759593{col 33}{space 2}  8.55565{col 44}{space 1}   -0.79{col 53}{space 3}0.431{col 61}{space 4}-23.63938{col 74}{space 3}  10.1202
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  289.316{col 33}{space 2} 43.85191{col 44}{space 1}    6.60{col 53}{space 3}0.000{col 61}{space 4} 202.7988{col 74}{space 3} 375.8332
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  17.4776{col 26}{space 2} 18.80402{col 37}{space 1}    0.93{col 46}{space 3}0.354{col 54}{space 4}-19.62162{col 67}{space 3} 54.57682
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}17.477599

{txt}added scalar:
               e(sd32) =  {res}18.804022

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 178.3814{col 26}{space 2} 24.72722{col 37}{space 1}    7.21{col 46}{space 3}0.000{col 54}{space 4} 129.5961{col 67}{space 3} 227.1667
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}178.38139

{txt}added scalar:
               e(sd42) =  {res}24.727217

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 194.4556{col 26}{space 2} 23.76746{col 37}{space 1}    8.18{col 46}{space 3}0.000{col 54}{space 4} 147.5638{col 67}{space 3} 241.3474
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}194.45562

{txt}added scalar:
               e(sd52) =  {res}23.767465

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 77.57389{col 26}{space 2} 27.16664{col 37}{space 1}    2.86{col 46}{space 3}0.005{col 54}{space 4} 23.97573{col 67}{space 3} 131.1721
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}77.573893

{txt}added scalar:
               e(sd62) =  {res}27.166639

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 160.9038{col 26}{space 2} 24.34061{col 37}{space 1}    6.61{col 46}{space 3}0.000{col 54}{space 4} 112.8812{col 67}{space 3} 208.9264
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}160.90379

{txt}added scalar:
               e(sd43) =  {res}24.340614

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  176.978{col 26}{space 2} 23.28103{col 37}{space 1}    7.60{col 46}{space 3}0.000{col 54}{space 4} 131.0459{col 67}{space 3} 222.9101
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}176.97802

{txt}added scalar:
               e(sd53) =  {res}23.281032

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 60.09629{col 26}{space 2} 26.57804{col 37}{space 1}    2.26{col 46}{space 3}0.025{col 54}{space 4} 7.659398{col 67}{space 3} 112.5332
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}60.096295

{txt}added scalar:
               e(sd63) =  {res}26.578042

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 16.07423{col 26}{space 2} 27.89553{col 37}{space 1}    0.58{col 46}{space 3}0.565{col 54}{space 4}-38.96199{col 67}{space 3} 71.11045
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}16.074226

{txt}added scalar:
               e(sd54) =  {res}27.895529

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-100.8075{col 26}{space 2} 30.07485{col 37}{space 1}   -3.35{col 46}{space 3}0.001{col 54}{space 4}-160.1434{col 67}{space 3}-41.47161
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-100.8075

{txt}added scalar:
               e(sd64) =  {res}30.074849

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-116.8817{col 26}{space 2} 29.95754{col 37}{space 1}   -3.90{col 46}{space 3}0.000{col 54}{space 4}-175.9862{col 67}{space 3}-57.77727
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-116.88172

{txt}added scalar:
               e(sd65) =  {res}29.957543

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth25 {c |}{res}          1    271.8525           .   271.8525   271.8525

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth25 {c |}{res}          1    200.5963           .   200.5963   200.5963

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth25 {c |}{res}          1    223.7724           .   223.7724   223.7724

{txt}added scalar:
             e(mean21) =  {res}-71.256165

{txt}added scalar:
             e(mean31) =  {res}-48.080078

{txt}added scalar:
             e(mean32) =  {res}23.176086

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     2.56
                                                {txt}Prob > F          = {res}    0.0073
                                                {txt}R-squared         = {res}    0.1038
                                                {txt}Root MSE          =    {res} 283.69

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth26{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-196.8105{col 33}{space 2} 99.87173{col 44}{space 1}   -1.97{col 53}{space 3}0.051{col 61}{space 4}-394.2746{col 74}{space 3} .6536837
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-192.0398{col 33}{space 2} 88.65231{col 44}{space 1}   -2.17{col 53}{space 3}0.032{col 61}{space 4}-367.3212{col 74}{space 3}-16.75844
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-13.12539{col 33}{space 2} 113.3138{col 44}{space 1}   -0.12{col 53}{space 3}0.908{col 61}{space 4}-237.1669{col 74}{space 3} 210.9161
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-28.40062{col 33}{space 2} 106.3658{col 44}{space 1}   -0.27{col 53}{space 3}0.790{col 61}{space 4}-238.7046{col 74}{space 3} 181.9034
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-169.4777{col 33}{space 2} 100.2921{col 44}{space 1}   -1.69{col 53}{space 3}0.093{col 61}{space 4} -367.773{col 74}{space 3} 28.81764
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-28.76583{col 33}{space 2} 22.32157{col 44}{space 1}   -1.29{col 53}{space 3}0.200{col 61}{space 4}-72.89954{col 74}{space 3} 15.36788
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 21.84738{col 33}{space 2} 25.55111{col 44}{space 1}    0.86{col 53}{space 3}0.394{col 61}{space 4}-28.67171{col 74}{space 3} 72.36648
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 2.089834{col 33}{space 2} 10.55602{col 44}{space 1}    0.20{col 53}{space 3}0.843{col 61}{space 4}-18.78129{col 74}{space 3} 22.96096
{txt}{space 13}female {c |}{col 21}{res}{space 2} 8.729083{col 33}{space 2} 47.16835{col 44}{space 1}    0.19{col 53}{space 3}0.853{col 61}{space 4}-84.53112{col 74}{space 3} 101.9893
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} -30.5018{col 33}{space 2} 37.05497{col 44}{space 1}   -0.82{col 53}{space 3}0.412{col 61}{space 4}-103.7661{col 74}{space 3} 42.76247
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 263.8816{col 33}{space 2} 126.5642{col 44}{space 1}    2.08{col 53}{space 3}0.039{col 61}{space 4} 13.64164{col 74}{space 3} 514.1216
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.770662{col 26}{space 2} 42.21955{col 37}{space 1}    0.11{col 46}{space 3}0.910{col 54}{space 4}-78.70489{col 67}{space 3} 88.24621
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}4.7706618

{txt}added scalar:
               e(sd32) =  {res}42.219547

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 183.6851{col 26}{space 2} 84.24541{col 37}{space 1}    2.18{col 46}{space 3}0.031{col 54}{space 4} 17.11692{col 67}{space 3} 350.2532
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}183.68507

{txt}added scalar:
               e(sd42) =  {res}84.245413

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 168.4098{col 26}{space 2} 71.23052{col 37}{space 1}    2.36{col 46}{space 3}0.019{col 54}{space 4} 27.57444{col 67}{space 3} 309.2452
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}168.40985

{txt}added scalar:
               e(sd52) =  {res}71.230523

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 27.33277{col 26}{space 2} 51.02534{col 37}{space 1}    0.54{col 46}{space 3}0.593{col 54}{space 4} -73.5534{col 67}{space 3} 128.2189
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}27.332772

{txt}added scalar:
               e(sd62) =  {res}51.025344

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 178.9144{col 26}{space 2} 85.46001{col 37}{space 1}    2.09{col 46}{space 3}0.038{col 54}{space 4} 9.944782{col 67}{space 3}  347.884
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}178.91441

{txt}added scalar:
               e(sd43) =  {res}85.460011

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 163.6392{col 26}{space 2} 63.85769{col 37}{space 1}    2.56{col 46}{space 3}0.011{col 54}{space 4} 37.38119{col 67}{space 3} 289.8972
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}163.63919

{txt}added scalar:
               e(sd53) =  {res}63.857689

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 22.56211{col 26}{space 2} 44.58144{col 37}{space 1}    0.51{col 46}{space 3}0.614{col 54}{space 4}-65.58333{col 67}{space 3} 110.7075
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}22.56211

{txt}added scalar:
               e(sd63) =  {res}44.581444

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-15.27523{col 26}{space 2} 96.64768{col 37}{space 1}   -0.16{col 46}{space 3}0.875{col 54}{space 4}-206.3649{col 67}{space 3} 175.8144
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-15.275227

{txt}added scalar:
               e(sd54) =  {res}96.647678

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-156.3523{col 26}{space 2} 84.66006{col 37}{space 1}   -1.85{col 46}{space 3}0.067{col 54}{space 4}-323.7403{col 67}{space 3} 11.03569
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-156.3523

{txt}added scalar:
               e(sd64) =  {res}84.660062

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-141.0771{col 26}{space 2} 66.42417{col 37}{space 1}   -2.12{col 46}{space 3}0.035{col 54}{space 4}-272.4095{col 67}{space 3}-9.744685
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-141.07707

{txt}added scalar:
               e(sd65) =  {res}66.42417

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth26 {c |}{res}          1    385.6331           .   385.6331   385.6331

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth26 {c |}{res}          1    244.6276           .   244.6276   244.6276

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth26 {c |}{res}          1    301.1824           .   301.1824   301.1824

{txt}added scalar:
             e(mean21) =  {res}-141.00551

{txt}added scalar:
             e(mean31) =  {res}-84.450684

{txt}added scalar:
             e(mean32) =  {res}56.554825

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     1.65
                                                {txt}Prob > F          = {res}    0.0984
                                                {txt}R-squared         = {res}    0.0671
                                                {txt}Root MSE          =    {res}  357.3

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth31{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-211.9429{col 33}{space 2} 141.6095{col 44}{space 1}   -1.50{col 53}{space 3}0.137{col 61}{space 4}-491.9301{col 74}{space 3} 68.04431
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-220.2539{col 33}{space 2} 122.6362{col 44}{space 1}   -1.80{col 53}{space 3}0.075{col 61}{space 4}-462.7274{col 74}{space 3} 22.21963
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-61.77363{col 33}{space 2} 141.6499{col 44}{space 1}   -0.44{col 53}{space 3}0.663{col 61}{space 4}-341.8407{col 74}{space 3} 218.2934
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} -91.2419{col 33}{space 2} 137.7408{col 44}{space 1}   -0.66{col 53}{space 3}0.509{col 61}{space 4}  -363.58{col 74}{space 3} 181.0962
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-194.4785{col 33}{space 2} 139.3224{col 44}{space 1}   -1.40{col 53}{space 3}0.165{col 61}{space 4}-469.9437{col 74}{space 3} 80.98668
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-25.67718{col 33}{space 2} 27.97255{col 44}{space 1}   -0.92{col 53}{space 3}0.360{col 61}{space 4}-80.98388{col 74}{space 3} 29.62952
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 18.91079{col 33}{space 2} 30.29331{col 44}{space 1}    0.62{col 53}{space 3}0.533{col 61}{space 4}-40.98446{col 74}{space 3} 78.80605
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} 4.532761{col 33}{space 2} 13.27962{col 44}{space 1}    0.34{col 53}{space 3}0.733{col 61}{space 4} -21.7234{col 74}{space 3} 30.78892
{txt}{space 13}female {c |}{col 21}{res}{space 2} 48.12216{col 33}{space 2} 55.74781{col 44}{space 1}    0.86{col 53}{space 3}0.390{col 61}{space 4}-62.10117{col 74}{space 3} 158.3455
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-32.79219{col 33}{space 2} 42.99535{col 44}{space 1}   -0.76{col 53}{space 3}0.447{col 61}{space 4}-117.8016{col 74}{space 3} 52.21725
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 243.2229{col 33}{space 2} 141.2998{col 44}{space 1}    1.72{col 53}{space 3}0.087{col 61}{space 4}-36.15187{col 74}{space 3} 522.5976
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-8.310965{col 26}{space 2} 48.85979{col 37}{space 1}   -0.17{col 46}{space 3}0.865{col 54}{space 4}-104.9154{col 67}{space 3} 88.29352
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-8.3109647

{txt}added scalar:
               e(sd32) =  {res}48.859788

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 150.1693{col 26}{space 2} 95.13527{col 37}{space 1}    1.58{col 46}{space 3}0.117{col 54}{space 4}-37.93007{col 67}{space 3} 338.2686
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}150.16928

{txt}added scalar:
               e(sd42) =  {res}95.135274

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  120.701{col 26}{space 2} 72.00499{col 37}{space 1}    1.68{col 46}{space 3}0.096{col 54}{space 4}-21.66566{col 67}{space 3} 263.0677
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}120.70101

{txt}added scalar:
               e(sd52) =  {res}72.004994

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 17.46441{col 26}{space 2} 55.66379{col 37}{space 1}    0.31{col 46}{space 3}0.754{col 54}{space 4}-92.59279{col 67}{space 3} 127.5216
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}17.46441

{txt}added scalar:
               e(sd62) =  {res}55.663787

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 158.4802{col 26}{space 2} 97.16435{col 37}{space 1}    1.63{col 46}{space 3}0.105{col 54}{space 4}-33.63094{col 67}{space 3} 350.5914
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}158.48024

{txt}added scalar:
               e(sd43) =  {res}97.164347

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  129.012{col 26}{space 2}  64.7942{col 37}{space 1}    1.99{col 46}{space 3}0.048{col 54}{space 4}  .902323{col 67}{space 3} 257.1216
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}129.01198

{txt}added scalar:
               e(sd53) =  {res}64.794203

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 25.77537{col 26}{space 2} 49.23637{col 37}{space 1}    0.52{col 46}{space 3}0.601{col 54}{space 4}-71.57368{col 67}{space 3} 123.1244
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}25.775374

{txt}added scalar:
               e(sd63) =  {res}49.236368

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-29.46826{col 26}{space 2} 104.1573{col 37}{space 1}   -0.28{col 46}{space 3}0.778{col 54}{space 4}-235.4058{col 67}{space 3} 176.4693
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-29.468263

{txt}added scalar:
               e(sd54) =  {res}104.15735

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-132.7049{col 26}{space 2} 96.89281{col 37}{space 1}   -1.37{col 46}{space 3}0.173{col 54}{space 4}-324.2792{col 67}{space 3} 58.86945
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-132.70487

{txt}added scalar:
               e(sd64) =  {res}96.892815

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-103.2366{col 26}{space 2} 65.52008{col 37}{space 1}   -1.58{col 46}{space 3}0.117{col 54}{space 4}-232.7815{col 67}{space 3} 26.30825
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-103.2366

{txt}added scalar:
               e(sd65) =  {res}65.520083

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth31 {c |}{res}          1    373.8515           .   373.8515   373.8515

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth31 {c |}{res}          1    217.0161           .   217.0161   217.0161

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth31 {c |}{res}          1     283.726           .    283.726    283.726

{txt}added scalar:
             e(mean21) =  {res}-156.83539

{txt}added scalar:
             e(mean31) =  {res}-90.125519

{txt}added scalar:
             e(mean32) =  {res}66.709869

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     6.97
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2426
                                                {txt}Root MSE          =    {res} 158.92

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         networth35{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-198.1793{col 33}{space 2} 53.81316{col 44}{space 1}   -3.68{col 53}{space 3}0.000{col 61}{space 4}-304.5775{col 74}{space 3} -91.7811
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-176.0474{col 33}{space 2} 47.86106{col 44}{space 1}   -3.68{col 53}{space 3}0.000{col 61}{space 4}-270.6772{col 74}{space 3}-81.41761
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-4.523196{col 33}{space 2} 61.86863{col 44}{space 1}   -0.07{col 53}{space 3}0.942{col 61}{space 4}-126.8485{col 74}{space 3} 117.8021
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-30.61279{col 33}{space 2} 57.93093{col 44}{space 1}   -0.53{col 53}{space 3}0.598{col 61}{space 4}-145.1525{col 74}{space 3} 83.92697
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-157.4124{col 33}{space 2} 54.96265{col 44}{space 1}   -2.86{col 53}{space 3}0.005{col 61}{space 4}-266.0833{col 74}{space 3}-48.74144
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-21.03929{col 33}{space 2} 12.67397{col 44}{space 1}   -1.66{col 53}{space 3}0.099{col 61}{space 4}-46.09799{col 74}{space 3} 4.019404
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} 19.82752{col 33}{space 2} 15.80977{col 44}{space 1}    1.25{col 53}{space 3}0.212{col 61}{space 4}-11.43121{col 74}{space 3} 51.08626
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}  1.66468{col 33}{space 2} 6.128923{col 44}{space 1}    0.27{col 53}{space 3}0.786{col 61}{space 4}-10.45329{col 74}{space 3} 13.78265
{txt}{space 13}female {c |}{col 21}{res}{space 2}-24.09095{col 33}{space 2}  26.4742{col 44}{space 1}   -0.91{col 53}{space 3}0.364{col 61}{space 4}-76.43516{col 74}{space 3} 28.25325
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-11.96681{col 33}{space 2} 21.14455{col 44}{space 1}   -0.57{col 53}{space 3}0.572{col 61}{space 4}-53.77335{col 74}{space 3} 29.83973
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 283.5839{col 33}{space 2} 67.36924{col 44}{space 1}    4.21{col 53}{space 3}0.000{col 61}{space 4} 150.3829{col 74}{space 3} 416.7849
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 22.13186{col 26}{space 2} 27.60685{col 37}{space 1}    0.80{col 46}{space 3}0.424{col 54}{space 4}-32.45179{col 67}{space 3} 76.71551
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}22.13186

{txt}added scalar:
               e(sd32) =  {res}27.606852

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 193.6561{col 26}{space 2} 49.36311{col 37}{space 1}    3.92{col 46}{space 3}0.000{col 54}{space 4} 96.05644{col 67}{space 3} 291.2557
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}193.65609

{txt}added scalar:
               e(sd42) =  {res}49.363111

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 167.5665{col 26}{space 2} 42.65891{col 37}{space 1}    3.93{col 46}{space 3}0.000{col 54}{space 4} 83.22224{col 67}{space 3} 251.9108
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}167.5665

{txt}added scalar:
               e(sd52) =  {res}42.658914

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 40.76692{col 26}{space 2} 35.24047{col 37}{space 1}    1.16{col 46}{space 3}0.249{col 54}{space 4}-28.90976{col 67}{space 3} 110.4436
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}40.766917

{txt}added scalar:
               e(sd62) =  {res}35.240471

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 171.5242{col 26}{space 2} 48.06212{col 37}{space 1}    3.57{col 46}{space 3}0.000{col 54}{space 4} 76.49687{col 67}{space 3} 266.5516
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}171.52423

{txt}added scalar:
               e(sd43) =  {res}48.062122

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 145.4346{col 26}{space 2} 37.10999{col 37}{space 1}    3.92{col 46}{space 3}0.000{col 54}{space 4} 72.06158{col 67}{space 3} 218.8077
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}145.43464

{txt}added scalar:
               e(sd53) =  {res}37.109993

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 18.63506{col 26}{space 2} 29.38857{col 37}{space 1}    0.63{col 46}{space 3}0.527{col 54}{space 4}-39.47136{col 67}{space 3} 76.74148
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}18.635057

{txt}added scalar:
               e(sd63) =  {res}29.388566

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-26.08959{col 26}{space 2} 54.52487{col 37}{space 1}   -0.48{col 46}{space 3}0.633{col 54}{space 4} -133.895{col 67}{space 3} 81.71578
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-26.089592

{txt}added scalar:
               e(sd54) =  {res}54.524875

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-152.8892{col 26}{space 2} 49.48906{col 37}{space 1}   -3.09{col 46}{space 3}0.002{col 54}{space 4}-250.7378{col 67}{space 3}-55.04051
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-152.88917

{txt}added scalar:
               e(sd64) =  {res}49.489055

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  networth35{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-126.7996{col 26}{space 2} 40.61891{col 37}{space 1}   -3.12{col 46}{space 3}0.002{col 54}{space 4}-207.1104{col 67}{space 3}-46.48877
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-126.79958

{txt}added scalar:
               e(sd65) =  {res}40.618915

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth35 {c |}{res}          1    302.6782           .   302.6782   302.6782

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth35 {c |}{res}          1    209.2322           .   209.2322   209.2322

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}networth35 {c |}{res}          1    243.3958           .   243.3958   243.3958

{txt}added scalar:
             e(mean21) =  {res}-93.445953

{txt}added scalar:
             e(mean31) =  {res}-59.282364

{txt}added scalar:
             e(mean32) =  {res}34.163589
{txt}
{com}. 
. esttab networth* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32 , fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title(" networth")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. 
. *average 5 period payoff, lifetime utility payoff25, cumulative payment for first 25 period payoff24
. foreach i of numlist 1(5)21 24 26 31 25 {c -(}
{txt}  2{com}. reg payoff`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum payoff`i' if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. 
. est store payoff`i'
{txt} 18{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     7.96
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2038
                                                {txt}Root MSE          =    {res} .84367

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}            payoff1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .7367048{col 33}{space 2} .1896573{col 44}{space 1}    3.88{col 53}{space 3}0.000{col 61}{space 4} .3625222{col 74}{space 3} 1.110887
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .7106407{col 33}{space 2} .1771764{col 44}{space 1}    4.01{col 53}{space 3}0.000{col 61}{space 4} .3610821{col 74}{space 3} 1.060199
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .2606264{col 33}{space 2} .1670272{col 44}{space 1}    1.56{col 53}{space 3}0.120{col 61}{space 4}-.0689083{col 74}{space 3} .5901612
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0462655{col 33}{space 2} .1563221{col 44}{space 1}    0.30{col 53}{space 3}0.768{col 61}{space 4}-.2621486{col 74}{space 3} .3546797
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .7023181{col 33}{space 2} .2026122{col 44}{space 1}    3.47{col 53}{space 3}0.001{col 61}{space 4} .3025762{col 74}{space 3}  1.10206
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0323645{col 33}{space 2} .0512067{col 44}{space 1}    0.63{col 53}{space 3}0.528{col 61}{space 4}-.0686633{col 74}{space 3} .1333923
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.1573404{col 33}{space 2} .0746322{col 44}{space 1}   -2.11{col 53}{space 3}0.036{col 61}{space 4}-.3045854{col 74}{space 3}-.0100954
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0037122{col 33}{space 2} .0237274{col 44}{space 1}   -0.16{col 53}{space 3}0.876{col 61}{space 4} -.050525{col 74}{space 3} .0431006
{txt}{space 13}female {c |}{col 21}{res}{space 2} .4726272{col 33}{space 2} .1197615{col 44}{space 1}    3.95{col 53}{space 3}0.000{col 61}{space 4} .2363449{col 74}{space 3} .7089095
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0459081{col 33}{space 2} .0616315{col 44}{space 1}   -0.74{col 53}{space 3}0.457{col 61}{space 4}-.1675034{col 74}{space 3} .0756872
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 1.449541{col 33}{space 2} .2643799{col 44}{space 1}    5.48{col 53}{space 3}0.000{col 61}{space 4} .9279354{col 74}{space 3} 1.971147
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0260642{col 26}{space 2} .2095845{col 37}{space 1}   -0.12{col 46}{space 3}0.901{col 54}{space 4}-.4395618{col 67}{space 3} .3874335
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.02606415

{txt}added scalar:
               e(sd32) =  {res}.20958446

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4760784{col 26}{space 2} .2022613{col 37}{space 1}   -2.35{col 46}{space 3}0.020{col 54}{space 4}-.8751279{col 67}{space 3}-.0770289
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.47607839

{txt}added scalar:
               e(sd42) =  {res}.20226128

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6904393{col 26}{space 2} .1903226{col 37}{space 1}   -3.63{col 46}{space 3}0.000{col 54}{space 4}-1.065935{col 67}{space 3} -.314944
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.69043927

{txt}added scalar:
               e(sd52) =  {res}.19032263

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0343867{col 26}{space 2} .2305468{col 37}{space 1}   -0.15{col 46}{space 3}0.882{col 54}{space 4}-.4892419{col 67}{space 3} .4204684
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.03438672

{txt}added scalar:
               e(sd62) =  {res}.23054682

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4500142{col 26}{space 2} .1883909{col 37}{space 1}   -2.39{col 46}{space 3}0.018{col 54}{space 4}-.8216982{col 67}{space 3}-.0783302
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.45001424

{txt}added scalar:
               e(sd43) =  {res}.18839088

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6643751{col 26}{space 2} .1763856{col 37}{space 1}   -3.77{col 46}{space 3}0.000{col 54}{space 4}-1.012373{col 67}{space 3}-.3163768
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.66437512

{txt}added scalar:
               e(sd53) =  {res}.17638559

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0083226{col 26}{space 2} .2175454{col 37}{space 1}   -0.04{col 46}{space 3}0.970{col 54}{space 4}-.4375268{col 67}{space 3} .4208817
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.00832257

{txt}added scalar:
               e(sd63) =  {res}.21754544

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2143609{col 26}{space 2}  .164432{col 37}{space 1}   -1.30{col 46}{space 3}0.194{col 54}{space 4}-.5387754{col 67}{space 3} .1100536
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.21436088

{txt}added scalar:
               e(sd54) =  {res}.16443196

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4416917{col 26}{space 2} .2066983{col 37}{space 1}    2.14{col 46}{space 3}0.034{col 54}{space 4} .0338882{col 67}{space 3} .8494951
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.44169167

{txt}added scalar:
               e(sd64) =  {res}.2066983

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6560525{col 26}{space 2} .1973605{col 37}{space 1}    3.32{col 46}{space 3}0.001{col 54}{space 4} .2666721{col 67}{space 3} 1.045433
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.65605255

{txt}added scalar:
               e(sd65) =  {res}.19736048

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 5}payoff1 {c |}{res}          1    2.323492           .   2.323492   2.323492

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 5}payoff1 {c |}{res}          1    2.392159           .   2.392159   2.392159

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 5}payoff1 {c |}{res}          1    2.318804           .   2.318804   2.318804

{txt}added scalar:
             e(mean21) =  {res}.06866693

{txt}added scalar:
             e(mean31) =  {res}-.00468802

{txt}added scalar:
             e(mean32) =  {res}-.07335496

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    12.29
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2899
                                                {txt}Root MSE          =    {res} .90195

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}            payoff6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .8718982{col 33}{space 2} .1658925{col 44}{space 1}    5.26{col 53}{space 3}0.000{col 61}{space 4} .5446021{col 74}{space 3} 1.199194
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .8209136{col 33}{space 2} .1568708{col 44}{space 1}    5.23{col 53}{space 3}0.000{col 61}{space 4} .5114169{col 74}{space 3}  1.13041
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .0059933{col 33}{space 2} .1888602{col 44}{space 1}    0.03{col 53}{space 3}0.975{col 61}{space 4}-.3666165{col 74}{space 3} .3786032
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.7046225{col 33}{space 2} .2274277{col 44}{space 1}   -3.10{col 53}{space 3}0.002{col 61}{space 4}-1.153324{col 74}{space 3}-.2559212
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .3060251{col 33}{space 2} .2425877{col 44}{space 1}    1.26{col 53}{space 3}0.209{col 61}{space 4}-.1725861{col 74}{space 3} .7846363
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0247603{col 33}{space 2} .0568983{col 44}{space 1}    0.44{col 53}{space 3}0.664{col 61}{space 4}-.0874968{col 74}{space 3} .1370173
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.0673898{col 33}{space 2} .0884054{col 44}{space 1}   -0.76{col 53}{space 3}0.447{col 61}{space 4}-.2418083{col 74}{space 3} .1070287
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0238373{col 33}{space 2} .0260332{col 44}{space 1}   -0.92{col 53}{space 3}0.361{col 61}{space 4}-.0751993{col 74}{space 3} .0275247
{txt}{space 13}female {c |}{col 21}{res}{space 2} .3239677{col 33}{space 2} .1224615{col 44}{space 1}    2.65{col 53}{space 3}0.009{col 61}{space 4} .0823584{col 74}{space 3}  .565577
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0281405{col 33}{space 2} .0665137{col 44}{space 1}    0.42{col 53}{space 3}0.673{col 61}{space 4} -.103087{col 74}{space 3} .1593681
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 3.075921{col 33}{space 2}  .282605{col 44}{space 1}   10.88{col 53}{space 3}0.000{col 61}{space 4} 2.518358{col 74}{space 3} 3.633484
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0509846{col 26}{space 2} .1409644{col 37}{space 1}   -0.36{col 46}{space 3}0.718{col 54}{space 4} -.329099{col 67}{space 3} .2271298
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.05098458

{txt}added scalar:
               e(sd32) =  {res}.14096442

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.8659049{col 26}{space 2} .1705045{col 37}{space 1}   -5.08{col 46}{space 3}0.000{col 54}{space 4}  -1.2023{col 67}{space 3}-.5295096
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.86590488

{txt}added scalar:
               e(sd42) =  {res}.1705045

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.576521{col 26}{space 2} .2092841{col 37}{space 1}   -7.53{col 46}{space 3}0.000{col 54}{space 4}-1.989426{col 67}{space 3}-1.163616
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-1.5765207

{txt}added scalar:
               e(sd52) =  {res}.20928414

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.5658731{col 26}{space 2} .2269234{col 37}{space 1}   -2.49{col 46}{space 3}0.014{col 54}{space 4} -1.01358{col 67}{space 3}-.1181667
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.56587311

{txt}added scalar:
               e(sd62) =  {res}.22692342

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.8149203{col 26}{space 2} .1606097{col 37}{space 1}   -5.07{col 46}{space 3}0.000{col 54}{space 4}-1.131794{col 67}{space 3} -.498047
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.81492029

{txt}added scalar:
               e(sd43) =  {res}.16060967

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.525536{col 26}{space 2} .2059833{col 37}{space 1}   -7.41{col 46}{space 3}0.000{col 54}{space 4}-1.931929{col 67}{space 3}-1.119143
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.5255361

{txt}added scalar:
               e(sd53) =  {res}.20598334

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.5148885{col 26}{space 2} .2161779{col 37}{space 1}   -2.38{col 46}{space 3}0.018{col 54}{space 4}-.9413947{col 67}{space 3}-.0883824
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.51488853

{txt}added scalar:
               e(sd63) =  {res}.21617789

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7106158{col 26}{space 2} .2281962{col 37}{space 1}   -3.11{col 46}{space 3}0.002{col 54}{space 4}-1.160833{col 67}{space 3}-.2603983
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.71061578

{txt}added scalar:
               e(sd54) =  {res}.22819618

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3000318{col 26}{space 2} .2403489{col 37}{space 1}    1.25{col 46}{space 3}0.214{col 54}{space 4}-.1741623{col 67}{space 3} .7742259
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.30003177

{txt}added scalar:
               e(sd64) =  {res}.2403489

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}     payoff6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.010648{col 26}{space 2} .2709431{col 37}{space 1}    3.73{col 46}{space 3}0.000{col 54}{space 4} .4760928{col 67}{space 3} 1.545202
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.0106476

{txt}added scalar:
               e(sd65) =  {res}.27094315

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 5}payoff6 {c |}{res}          1    3.338104           .   3.338104   3.338104

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 5}payoff6 {c |}{res}          1    3.219345           .   3.219345   3.219345

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 5}payoff6 {c |}{res}          1    3.282618           .   3.282618   3.282618

{txt}added scalar:
             e(mean21) =  {res}-.11875916

{txt}added scalar:
             e(mean31) =  {res}-.0554862

{txt}added scalar:
             e(mean32) =  {res}.06327295

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    20.15
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3448
                                                {txt}Root MSE          =    {res} .86603

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .9983771{col 33}{space 2} .1473848{col 44}{space 1}    6.77{col 53}{space 3}0.000{col 61}{space 4} .7075956{col 74}{space 3} 1.289159
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 1.049385{col 33}{space 2} .1603188{col 44}{space 1}    6.55{col 53}{space 3}0.000{col 61}{space 4} .7330851{col 74}{space 3} 1.365684
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0571162{col 33}{space 2} .1912294{col 44}{space 1}   -0.30{col 53}{space 3}0.766{col 61}{space 4}-.4344003{col 74}{space 3}  .320168
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.6833535{col 33}{space 2} .2296496{col 44}{space 1}   -2.98{col 53}{space 3}0.003{col 61}{space 4}-1.136438{col 74}{space 3}-.2302685
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .3039634{col 33}{space 2}  .216566{col 44}{space 1}    1.40{col 53}{space 3}0.162{col 61}{space 4}-.1233085{col 74}{space 3} .7312353
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0496153{col 33}{space 2} .0488347{col 44}{space 1}    1.02{col 53}{space 3}0.311{col 61}{space 4}-.0467327{col 74}{space 3} .1459633
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.0132913{col 33}{space 2} .0803868{col 44}{space 1}   -0.17{col 53}{space 3}0.869{col 61}{space 4}-.1718897{col 74}{space 3}  .145307
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0001518{col 33}{space 2} .0228523{col 44}{space 1}    0.01{col 53}{space 3}0.995{col 61}{space 4}-.0449344{col 74}{space 3}  .045238
{txt}{space 13}female {c |}{col 21}{res}{space 2} .1197281{col 33}{space 2} .1163161{col 44}{space 1}    1.03{col 53}{space 3}0.305{col 61}{space 4}-.1097567{col 74}{space 3}  .349213
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1004054{col 33}{space 2} .0689909{col 44}{space 1}    1.46{col 53}{space 3}0.147{col 61}{space 4}-.0357095{col 74}{space 3} .2365203
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 2.881763{col 33}{space 2}   .27201{col 44}{space 1}   10.59{col 53}{space 3}0.000{col 61}{space 4} 2.345104{col 74}{space 3} 3.418423
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0510075{col 26}{space 2} .1025755{col 37}{space 1}    0.50{col 46}{space 3}0.620{col 54}{space 4}-.1513679{col 67}{space 3} .2533829
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.05100748

{txt}added scalar:
               e(sd32) =  {res}.10257551

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.055493{col 26}{space 2} .1433606{col 37}{space 1}   -7.36{col 46}{space 3}0.000{col 54}{space 4}-1.338335{col 67}{space 3}-.7726513
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-1.0554933

{txt}added scalar:
               e(sd42) =  {res}.14336065

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.681731{col 26}{space 2} .1913619{col 37}{space 1}   -8.79{col 46}{space 3}0.000{col 54}{space 4}-2.059276{col 67}{space 3}-1.304185
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-1.6817306

{txt}added scalar:
               e(sd52) =  {res}.19136188

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6944137{col 26}{space 2} .1734516{col 37}{space 1}   -4.00{col 46}{space 3}0.000{col 54}{space 4}-1.036623{col 67}{space 3} -.352204
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.69441369

{txt}added scalar:
               e(sd62) =  {res}.17345161

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.106501{col 26}{space 2} .1602668{col 37}{space 1}   -6.90{col 46}{space 3}0.000{col 54}{space 4}-1.422698{col 67}{space 3}-.7903038
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-1.1065008

{txt}added scalar:
               e(sd43) =  {res}.16026683

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.732738{col 26}{space 2} .2003306{col 37}{space 1}   -8.65{col 46}{space 3}0.000{col 54}{space 4}-2.127979{col 67}{space 3}-1.337498
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.7327381

{txt}added scalar:
               e(sd53) =  {res}.20033065

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7454212{col 26}{space 2} .1826874{col 37}{space 1}   -4.08{col 46}{space 3}0.000{col 54}{space 4}-1.105853{col 67}{space 3}-.3849898
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.74542117

{txt}added scalar:
               e(sd63) =  {res}.18268742

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6262373{col 26}{space 2} .2274144{col 37}{space 1}   -2.75{col 46}{space 3}0.006{col 54}{space 4}-1.074912{col 67}{space 3}-.1775622
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.62623732

{txt}added scalar:
               e(sd54) =  {res}.22741439

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3610796{col 26}{space 2} .2131882{col 37}{space 1}    1.69{col 46}{space 3}0.092{col 54}{space 4}-.0595281{col 67}{space 3} .7816873
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.36107959

{txt}added scalar:
               e(sd64) =  {res}.21318825

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9873169{col 26}{space 2} .2444927{col 37}{space 1}    4.04{col 46}{space 3}0.000{col 54}{space 4} .5049473{col 67}{space 3} 1.469686
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.98731691

{txt}added scalar:
               e(sd65) =  {res}.24449271

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff11 {c |}{res}          1    3.954995           .   3.954995   3.954995

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff11 {c |}{res}          1    3.759653           .   3.759653   3.759653

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff11 {c |}{res}          1    3.899955           .   3.899955   3.899955

{txt}added scalar:
             e(mean21) =  {res}-.19534254

{txt}added scalar:
             e(mean31) =  {res}-.05504036

{txt}added scalar:
             e(mean32) =  {res}.14030218

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    15.35
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3359
                                                {txt}Root MSE          =    {res} .96794

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff16{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.304494{col 33}{space 2} .2491629{col 44}{space 1}   -5.24{col 53}{space 3}0.000{col 61}{space 4}-1.796077{col 74}{space 3}  -.81291
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.259082{col 33}{space 2} .2372392{col 44}{space 1}   -5.31{col 53}{space 3}0.000{col 61}{space 4}-1.727141{col 74}{space 3} -.791023
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .1397053{col 33}{space 2} .1905954{col 44}{space 1}    0.73{col 53}{space 3}0.464{col 61}{space 4}-.2363281{col 74}{space 3} .5157387
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.0697259{col 33}{space 2} .1890485{col 44}{space 1}   -0.37{col 53}{space 3}0.713{col 61}{space 4}-.4427073{col 74}{space 3} .3032554
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.5642888{col 33}{space 2} .2301509{col 44}{space 1}   -2.45{col 53}{space 3}0.015{col 61}{space 4}-1.018363{col 74}{space 3}-.1102146
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0274106{col 33}{space 2} .0590712{col 44}{space 1}   -0.46{col 53}{space 3}0.643{col 61}{space 4}-.1439546{col 74}{space 3} .0891334
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .2187253{col 33}{space 2} .0887232{col 44}{space 1}    2.47{col 53}{space 3}0.015{col 61}{space 4} .0436796{col 74}{space 3} .3937709
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0190218{col 33}{space 2} .0280618{col 44}{space 1}    0.68{col 53}{space 3}0.499{col 61}{space 4}-.0363424{col 74}{space 3} .0743861
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.4488223{col 33}{space 2} .1330742{col 44}{space 1}   -3.37{col 53}{space 3}0.001{col 61}{space 4}-.7113697{col 74}{space 3}-.1862749
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .2590811{col 33}{space 2} .0684159{col 44}{space 1}    3.79{col 53}{space 3}0.000{col 61}{space 4} .1241006{col 74}{space 3} .3940616
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 2.831865{col 33}{space 2} .3322876{col 44}{space 1}    8.52{col 53}{space 3}0.000{col 61}{space 4} 2.176282{col 74}{space 3} 3.487449
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0454118{col 26}{space 2}  .267859{col 37}{space 1}    0.17{col 46}{space 3}0.866{col 54}{space 4}-.4830582{col 67}{space 3} .5738817
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.04541175

{txt}added scalar:
               e(sd32) =  {res}.26785904

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.444199{col 26}{space 2} .2220596{col 37}{space 1}    6.50{col 46}{space 3}0.000{col 54}{space 4} 1.006089{col 67}{space 3} 1.882309
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}1.4441989

{txt}added scalar:
               e(sd42) =  {res}.2220596

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.234768{col 26}{space 2} .2199147{col 37}{space 1}    5.61{col 46}{space 3}0.000{col 54}{space 4}  .800889{col 67}{space 3} 1.668646
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1.2347677

{txt}added scalar:
               e(sd52) =  {res}.21991473

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .7402048{col 26}{space 2} .2494354{col 37}{space 1}    2.97{col 46}{space 3}0.003{col 54}{space 4} .2480836{col 67}{space 3} 1.232326
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.74020481

{txt}added scalar:
               e(sd62) =  {res}.24943541

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.398787{col 26}{space 2} .2121595{col 37}{space 1}    6.59{col 46}{space 3}0.000{col 54}{space 4} .9802091{col 67}{space 3} 1.817365
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}1.3987872

{txt}added scalar:
               e(sd43) =  {res}.21215949

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.189356{col 26}{space 2} .2135642{col 37}{space 1}    5.57{col 46}{space 3}0.000{col 54}{space 4} .7680065{col 67}{space 3} 1.610705
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1.1893559

{txt}added scalar:
               e(sd53) =  {res}.21356419

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6947931{col 26}{space 2} .2438383{col 37}{space 1}    2.85{col 46}{space 3}0.005{col 54}{space 4} .2137146{col 67}{space 3} 1.175872
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.69479306

{txt}added scalar:
               e(sd63) =  {res}.24383829

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2094313{col 26}{space 2} .1535222{col 37}{space 1}   -1.36{col 46}{space 3}0.174{col 54}{space 4}-.5123215{col 67}{space 3}  .093459
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.20943126

{txt}added scalar:
               e(sd54) =  {res}.15352223

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7039941{col 26}{space 2} .1970214{col 37}{space 1}   -3.57{col 46}{space 3}0.000{col 54}{space 4}-1.092706{col 67}{space 3}-.3152825
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.70399412

{txt}added scalar:
               e(sd64) =  {res}.19702144

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff16{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4945629{col 26}{space 2} .1942683{col 37}{space 1}   -2.55{col 46}{space 3}0.012{col 54}{space 4}-.8778426{col 67}{space 3}-.1112831
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.49456285

{txt}added scalar:
               e(sd65) =  {res}.19426827

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff16 {c |}{res}          1    3.452302           .   3.452302   3.452302

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff16 {c |}{res}          1    3.253599           .   3.253599   3.253599

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff16 {c |}{res}          1    3.390483           .   3.390483   3.390483

{txt}added scalar:
             e(mean21) =  {res}-.19870281

{txt}added scalar:
             e(mean31) =  {res}-.06181908

{txt}added scalar:
             e(mean32) =  {res}.13688374

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    17.66
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3312
                                                {txt}Root MSE          =    {res}  .7288

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff21{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.015857{col 33}{space 2} .1461344{col 44}{space 1}   -6.95{col 53}{space 3}0.000{col 61}{space 4}-1.304172{col 74}{space 3}-.7275427
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} -.848727{col 33}{space 2}  .149734{col 44}{space 1}   -5.67{col 53}{space 3}0.000{col 61}{space 4}-1.144143{col 74}{space 3}-.5533108
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -.085507{col 33}{space 2} .1510554{col 44}{space 1}   -0.57{col 53}{space 3}0.572{col 61}{space 4}-.3835302{col 74}{space 3} .2125163
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0817455{col 33}{space 2} .1396311{col 44}{space 1}    0.59{col 53}{space 3}0.559{col 61}{space 4}-.1937384{col 74}{space 3} .3572295
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.5558654{col 33}{space 2} .1578426{col 44}{space 1}   -3.52{col 53}{space 3}0.001{col 61}{space 4}-.8672796{col 74}{space 3}-.2444513
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0314493{col 33}{space 2} .0433603{col 44}{space 1}   -0.73{col 53}{space 3}0.469{col 61}{space 4}-.1169965{col 74}{space 3}  .054098
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}   .17479{col 33}{space 2}  .060192{col 44}{space 1}    2.90{col 53}{space 3}0.004{col 61}{space 4} .0560349{col 74}{space 3} .2935452
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}  .012083{col 33}{space 2} .0211828{col 44}{space 1}    0.57{col 53}{space 3}0.569{col 61}{space 4}-.0297094{col 74}{space 3} .0538753
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.4293984{col 33}{space 2} .0970291{col 44}{space 1}   -4.43{col 53}{space 3}0.000{col 61}{space 4}-.6208312{col 74}{space 3}-.2379657
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0845648{col 33}{space 2} .0549498{col 44}{space 1}    1.54{col 53}{space 3}0.126{col 61}{space 4} -.023848{col 74}{space 3} .1929775
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 1.437558{col 33}{space 2} .2231394{col 44}{space 1}    6.44{col 53}{space 3}0.000{col 61}{space 4} .9973177{col 74}{space 3} 1.877799
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1671302{col 26}{space 2} .1696669{col 37}{space 1}    0.99{col 46}{space 3}0.326{col 54}{space 4}-.1676125{col 67}{space 3} .5018728
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.16713016

{txt}added scalar:
               e(sd32) =  {res}.16966688

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9303502{col 26}{space 2} .1678798{col 37}{space 1}    5.54{col 46}{space 3}0.000{col 54}{space 4} .5991332{col 67}{space 3} 1.261567
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.93035018

{txt}added scalar:
               e(sd42) =  {res}.16787983

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.097603{col 26}{space 2} .1581048{col 37}{space 1}    6.94{col 46}{space 3}0.000{col 54}{space 4} .7856714{col 67}{space 3} 1.409534
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1.0976027

{txt}added scalar:
               e(sd52) =  {res}.15810477

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4599917{col 26}{space 2} .1703074{col 37}{space 1}    2.70{col 46}{space 3}0.008{col 54}{space 4} .1239854{col 67}{space 3} .7959981
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.45999172

{txt}added scalar:
               e(sd62) =  {res}.17030738

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}   .76322{col 26}{space 2} .1711983{col 37}{space 1}    4.46{col 46}{space 3}0.000{col 54}{space 4} .4254559{col 67}{space 3} 1.100984
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.76322002

{txt}added scalar:
               e(sd43) =  {res}.17119835

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9304725{col 26}{space 2} .1617159{col 37}{space 1}    5.75{col 46}{space 3}0.000{col 54}{space 4} .6114167{col 67}{space 3} 1.249528
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.93047252

{txt}added scalar:
               e(sd53) =  {res}.16171588

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2928616{col 26}{space 2} .1762532{col 37}{space 1}    1.66{col 46}{space 3}0.098{col 54}{space 4}-.0548755{col 67}{space 3} .6405986
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.29286156

{txt}added scalar:
               e(sd63) =  {res}.17625317

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1672525{col 26}{space 2} .1613282{col 37}{space 1}    1.04{col 46}{space 3}0.301{col 54}{space 4}-.1510385{col 67}{space 3} .4855435
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.16725251

{txt}added scalar:
               e(sd54) =  {res}.16132823

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4703585{col 26}{space 2} .1768671{col 37}{space 1}   -2.66{col 46}{space 3}0.009{col 54}{space 4}-.8193067{col 67}{space 3}-.1214102
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.47035846

{txt}added scalar:
               e(sd64) =  {res}.17686708

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff21{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.637611{col 26}{space 2} .1679954{col 37}{space 1}   -3.80{col 46}{space 3}0.000{col 54}{space 4}-.9690559{col 67}{space 3} -.306166
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.63761096

{txt}added scalar:
               e(sd65) =  {res}.16799541

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff21 {c |}{res}          1    2.019124           .   2.019124   2.019124

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff21 {c |}{res}          1    1.858485           .   1.858485   1.858485

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff21 {c |}{res}          1    1.966788           .   1.966788   1.966788

{txt}added scalar:
             e(mean21) =  {res}-.16063845

{txt}added scalar:
             e(mean31) =  {res}-.05233562

{txt}added scalar:
             e(mean32) =  {res}.10830283

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.30
                                                {txt}Prob > F          = {res}    0.0143
                                                {txt}R-squared         = {res}    0.0955
                                                {txt}Root MSE          =    {res} 2.0304

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff24{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .2866295{col 33}{space 2} .4229984{col 44}{space 1}    0.68{col 53}{space 3}0.499{col 61}{space 4}-.5479213{col 74}{space 3}  1.12118
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .4731299{col 33}{space 2} .4003729{col 44}{space 1}    1.18{col 53}{space 3}0.239{col 61}{space 4} -.316782{col 74}{space 3} 1.263042
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .2637019{col 33}{space 2} .4607303{col 44}{space 1}    0.57{col 53}{space 3}0.568{col 61}{space 4}-.6452917{col 74}{space 3} 1.172695
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.329691{col 33}{space 2} .5473413{col 44}{space 1}   -2.43{col 53}{space 3}0.016{col 61}{space 4}-2.409563{col 74}{space 3} -.249819
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .1921522{col 33}{space 2} .5004186{col 44}{space 1}    0.38{col 53}{space 3}0.701{col 61}{space 4}-.7951439{col 74}{space 3} 1.179448
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0478802{col 33}{space 2} .1171484{col 44}{space 1}    0.41{col 53}{space 3}0.683{col 61}{space 4}-.1832467{col 74}{space 3}  .279007
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .1554938{col 33}{space 2} .1736636{col 44}{space 1}    0.90{col 53}{space 3}0.372{col 61}{space 4}-.1871341{col 74}{space 3} .4981216
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0037071{col 33}{space 2} .0583657{col 44}{space 1}    0.06{col 53}{space 3}0.949{col 61}{space 4}-.1114449{col 74}{space 3} .1188591
{txt}{space 13}female {c |}{col 21}{res}{space 2} .0381023{col 33}{space 2}   .26993{col 44}{space 1}    0.14{col 53}{space 3}0.888{col 61}{space 4}-.4944535{col 74}{space 3}  .570658
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .4262837{col 33}{space 2} .1478206{col 44}{space 1}    2.88{col 53}{space 3}0.004{col 61}{space 4} .1346425{col 74}{space 3} .7179249
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 11.67665{col 33}{space 2} .6145969{col 44}{space 1}   19.00{col 53}{space 3}0.000{col 61}{space 4} 10.46409{col 74}{space 3} 12.88921
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1865005{col 26}{space 2} .3223025{col 37}{space 1}    0.58{col 46}{space 3}0.564{col 54}{space 4}-.4493832{col 67}{space 3} .8223841
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.18650047

{txt}added scalar:
               e(sd32) =  {res}.32230248

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0229276{col 26}{space 2} .3957643{col 37}{space 1}   -0.06{col 46}{space 3}0.954{col 54}{space 4}-.8037471{col 67}{space 3} .7578919
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.02292759

{txt}added scalar:
               e(sd42) =  {res}.39576432

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.61632{col 26}{space 2} .4780654{col 37}{space 1}   -3.38{col 46}{space 3}0.001{col 54}{space 4}-2.559515{col 67}{space 3}-.6731257
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-1.6163203

{txt}added scalar:
               e(sd52) =  {res}.47806537

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0944773{col 26}{space 2} .4281024{col 37}{space 1}   -0.22{col 46}{space 3}0.826{col 54}{space 4}-.9390978{col 67}{space 3} .7501433
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.09447725

{txt}added scalar:
               e(sd62) =  {res}.4281024

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2094281{col 26}{space 2} .3855698{col 37}{space 1}   -0.54{col 46}{space 3}0.588{col 54}{space 4}-.9701344{col 67}{space 3} .5512782
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.20942806

{txt}added scalar:
               e(sd43) =  {res}.38556981

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.802821{col 26}{space 2} .4866707{col 37}{space 1}   -3.70{col 46}{space 3}0.000{col 54}{space 4}-2.762993{col 67}{space 3}-.8426484
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.8028207

{txt}added scalar:
               e(sd53) =  {res}.48667066

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2809777{col 26}{space 2} .4132424{col 37}{space 1}   -0.68{col 46}{space 3}0.497{col 54}{space 4} -1.09628{col 67}{space 3} .5343251
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.28097772

{txt}added scalar:
               e(sd63) =  {res}.41324245

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.593393{col 26}{space 2} .5225467{col 37}{space 1}   -3.05{col 46}{space 3}0.003{col 54}{space 4}-2.624346{col 67}{space 3}-.5624392
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.5933927

{txt}added scalar:
               e(sd54) =  {res}.52254666

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0715497{col 26}{space 2}  .463696{col 37}{space 1}   -0.15{col 46}{space 3}0.878{col 54}{space 4}-.9863943{col 67}{space 3} .8432949
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.07154966

{txt}added scalar:
               e(sd64) =  {res}.46369598

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff24{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.521843{col 26}{space 2} .5408107{col 37}{space 1}    2.81{col 46}{space 3}0.005{col 54}{space 4} .4548557{col 67}{space 3}  2.58883
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.521843

{txt}added scalar:
               e(sd65) =  {res}.54081066

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff24 {c |}{res}          1    15.08802           .   15.08802   15.08802

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff24 {c |}{res}          1    14.48324           .   14.48324   14.48324

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff24 {c |}{res}          1    14.85865           .   14.85865   14.85865

{txt}added scalar:
             e(mean21) =  {res}-.60477638

{txt}added scalar:
             e(mean31) =  {res}-.22936916

{txt}added scalar:
             e(mean32) =  {res}.37540722

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     4.59
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2024
                                                {txt}Root MSE          =    {res} .47246

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff26{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.2823937{col 33}{space 2} .1275623{col 44}{space 1}   -2.21{col 53}{space 3}0.028{col 61}{space 4} -.534607{col 74}{space 3}-.0301804
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.2116914{col 33}{space 2} .1200344{col 44}{space 1}   -1.76{col 53}{space 3}0.080{col 61}{space 4}-.4490207{col 74}{space 3} .0256379
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .2667702{col 33}{space 2} .1627845{col 44}{space 1}    1.64{col 53}{space 3}0.104{col 61}{space 4}-.0550836{col 74}{space 3} .5886241
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .2268646{col 33}{space 2} .1637632{col 44}{space 1}    1.39{col 53}{space 3}0.168{col 61}{space 4}-.0969244{col 74}{space 3} .5506535
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.1167703{col 33}{space 2} .1323523{col 44}{space 1}   -0.88{col 53}{space 3}0.379{col 61}{space 4}-.3784543{col 74}{space 3} .1449137
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0597866{col 33}{space 2} .0335415{col 44}{space 1}   -1.78{col 53}{space 3}0.077{col 61}{space 4}-.1261042{col 74}{space 3} .0065309
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0607353{col 33}{space 2}  .048754{col 44}{space 1}    1.25{col 53}{space 3}0.215{col 61}{space 4}-.0356601{col 74}{space 3} .1571306
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0185216{col 33}{space 2}  .014887{col 44}{space 1}   -1.24{col 53}{space 3}0.216{col 61}{space 4}-.0479558{col 74}{space 3} .0109127
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.1126838{col 33}{space 2} .0787762{col 44}{space 1}   -1.43{col 53}{space 3}0.155{col 61}{space 4}-.2684385{col 74}{space 3} .0430708
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0522365{col 33}{space 2}  .070894{col 44}{space 1}   -0.74{col 53}{space 3}0.462{col 61}{space 4}-.1924065{col 74}{space 3} .0879335
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .6919935{col 33}{space 2} .1924377{col 44}{space 1}    3.60{col 53}{space 3}0.000{col 61}{space 4} .3115099{col 74}{space 3} 1.072477
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0707023{col 26}{space 2} .0974389{col 37}{space 1}    0.73{col 46}{space 3}0.469{col 54}{space 4}-.1219517{col 67}{space 3} .2633562
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.07070228

{txt}added scalar:
               e(sd32) =  {res}.09743887

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5491639{col 26}{space 2}  .143511{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .2654172{col 67}{space 3} .8329107
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.54916393

{txt}added scalar:
               e(sd42) =  {res}.14351099

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5092583{col 26}{space 2} .1489765{col 37}{space 1}    3.42{col 46}{space 3}0.001{col 54}{space 4} .2147053{col 67}{space 3} .8038112
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.50925826

{txt}added scalar:
               e(sd52) =  {res}.14897648

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1656234{col 26}{space 2} .1151898{col 37}{space 1}    1.44{col 46}{space 3}0.153{col 54}{space 4}-.0621274{col 67}{space 3} .3933741
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.16562337

{txt}added scalar:
               e(sd62) =  {res}.11518981

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4784617{col 26}{space 2} .1324613{col 37}{space 1}    3.61{col 46}{space 3}0.000{col 54}{space 4} .2165622{col 67}{space 3} .7403611
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.47846165

{txt}added scalar:
               e(sd43) =  {res}.13246125

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .438556{col 26}{space 2} .1288144{col 37}{space 1}    3.40{col 46}{space 3}0.001{col 54}{space 4} .1838671{col 67}{space 3} .6932449
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.43855598

{txt}added scalar:
               e(sd53) =  {res}.12881438

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0949211{col 26}{space 2} .1023144{col 37}{space 1}    0.93{col 46}{space 3}0.355{col 54}{space 4}-.1073727{col 67}{space 3} .2972149
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.0949211

{txt}added scalar:
               e(sd63) =  {res}.10231442

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0399057{col 26}{space 2} .1687593{col 37}{space 1}   -0.24{col 46}{space 3}0.813{col 54}{space 4}-.3735728{col 67}{space 3} .2937615
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.03990567

{txt}added scalar:
               e(sd54) =  {res}.16875933

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3835406{col 26}{space 2} .1432598{col 37}{space 1}   -2.68{col 46}{space 3}0.008{col 54}{space 4}-.6667907{col 67}{space 3}-.1002904
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.38354055

{txt}added scalar:
               e(sd64) =  {res}.14325982

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff26{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3436349{col 26}{space 2}  .148009{col 37}{space 1}   -2.32{col 46}{space 3}0.022{col 54}{space 4}-.6362749{col 67}{space 3}-.0509949
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.34363488

{txt}added scalar:
               e(sd65) =  {res}.14800896

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}          1    1.180152           .   1.180152   1.180152

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}          1    1.055695           .   1.055695   1.055695

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff26 {c |}{res}          1     1.13878           .    1.13878    1.13878

{txt}added scalar:
             e(mean21) =  {res}-.12445617

{txt}added scalar:
             e(mean31) =  {res}-.04137182

{txt}added scalar:
             e(mean32) =  {res}.08308434

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.32
                                                {txt}Prob > F          = {res}    0.0007
                                                {txt}R-squared         = {res}    0.1569
                                                {txt}Root MSE          =    {res} .28304

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff31{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.2004831{col 33}{space 2} .0764225{col 44}{space 1}   -2.62{col 53}{space 3}0.010{col 61}{space 4} -.351584{col 74}{space 3}-.0493823
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.1422625{col 33}{space 2} .0750626{col 44}{space 1}   -1.90{col 53}{space 3}0.060{col 61}{space 4}-.2906746{col 74}{space 3} .0061495
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .0666945{col 33}{space 2} .1048766{col 44}{space 1}    0.64{col 53}{space 3}0.526{col 61}{space 4}-.1406651{col 74}{space 3} .2740541
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0620947{col 33}{space 2} .0980949{col 44}{space 1}    0.63{col 53}{space 3}0.528{col 61}{space 4}-.1318564{col 74}{space 3} .2560459
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.1166748{col 33}{space 2} .0847994{col 44}{space 1}   -1.38{col 53}{space 3}0.171{col 61}{space 4}-.2843383{col 74}{space 3} .0509887
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0452134{col 33}{space 2} .0210984{col 44}{space 1}   -2.14{col 53}{space 3}0.034{col 61}{space 4}-.0869286{col 74}{space 3}-.0034982
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0510138{col 33}{space 2}  .027513{col 44}{space 1}    1.85{col 53}{space 3}0.066{col 61}{space 4}-.0033843{col 74}{space 3}  .105412
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0045416{col 33}{space 2} .0089385{col 44}{space 1}   -0.51{col 53}{space 3}0.612{col 61}{space 4}-.0222145{col 74}{space 3} .0131313
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0752118{col 33}{space 2} .0499286{col 44}{space 1}   -1.51{col 53}{space 3}0.134{col 61}{space 4}-.1739296{col 74}{space 3}  .023506
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} -.020547{col 33}{space 2} .0428209{col 44}{space 1}   -0.48{col 53}{space 3}0.632{col 61}{space 4}-.1052116{col 74}{space 3} .0641176
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .3423798{col 33}{space 2} .1199894{col 44}{space 1}    2.85{col 53}{space 3}0.005{col 61}{space 4} .1051395{col 74}{space 3} .5796202
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0582206{col 26}{space 2} .0548668{col 37}{space 1}    1.06{col 46}{space 3}0.290{col 54}{space 4}-.0502608{col 67}{space 3} .1667021
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.05822063

{txt}added scalar:
               e(sd32) =  {res}.05486683

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2671776{col 26}{space 2}  .090871{col 37}{space 1}    2.94{col 46}{space 3}0.004{col 54}{space 4} .0875095{col 67}{space 3} .4468457
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.26717761

{txt}added scalar:
               e(sd42) =  {res}.09087098

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2625779{col 26}{space 2} .0851028{col 37}{space 1}    3.09{col 46}{space 3}0.002{col 54}{space 4} .0943145{col 67}{space 3} .4308413
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.26257788

{txt}added scalar:
               e(sd52) =  {res}.08510282

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0838083{col 26}{space 2} .0697726{col 37}{space 1}    1.20{col 46}{space 3}0.232{col 54}{space 4}-.0541446{col 67}{space 3} .2217613
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.08380834

{txt}added scalar:
               e(sd62) =  {res}.06977264

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .208957{col 26}{space 2} .0859902{col 37}{space 1}    2.43{col 46}{space 3}0.016{col 54}{space 4}  .038939{col 67}{space 3}  .378975
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.20895699

{txt}added scalar:
               e(sd43) =  {res}.08599024

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2043573{col 26}{space 2} .0738736{col 37}{space 1}    2.77{col 46}{space 3}0.006{col 54}{space 4}  .058296{col 67}{space 3} .3504185
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.20435726

{txt}added scalar:
               e(sd53) =  {res}.07387361

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0255877{col 26}{space 2}  .065652{col 37}{space 1}    0.39{col 46}{space 3}0.697{col 54}{space 4} -.104218{col 67}{space 3} .1553934
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.02558771

{txt}added scalar:
               e(sd63) =  {res}.06565202

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0045997{col 26}{space 2} .1053557{col 37}{space 1}   -0.04{col 46}{space 3}0.965{col 54}{space 4}-.2129066{col 67}{space 3} .2037072
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-.00459973

{txt}added scalar:
               e(sd54) =  {res}.10535568

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1833693{col 26}{space 2} .0955252{col 37}{space 1}   -1.92{col 46}{space 3}0.057{col 54}{space 4}-.3722396{col 67}{space 3}  .005501
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.18336928

{txt}added scalar:
               e(sd64) =  {res}.09552521

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff31{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1787695{col 26}{space 2} .0892987{col 37}{space 1}   -2.00{col 46}{space 3}0.047{col 54}{space 4} -.355329{col 67}{space 3}-.0022101
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.17876954

{txt}added scalar:
               e(sd65) =  {res}.08929874

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}          1    .6893185           .   .6893185   .6893185

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}          1    .5956277           .   .5956277   .5956277

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff31 {c |}{res}          1    .6579742           .   .6579742   .6579742

{txt}added scalar:
             e(mean21) =  {res}-.09369081

{txt}added scalar:
             e(mean31) =  {res}-.03134429

{txt}added scalar:
             e(mean32) =  {res}.06234652

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     1.87
                                                {txt}Prob > F          = {res}    0.0512
                                                {txt}R-squared         = {res}    0.0752
                                                {txt}Root MSE          =    {res} 2.0318

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}           payoff25{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -.202883{col 33}{space 2} .4397652{col 44}{space 1}   -0.46{col 53}{space 3}0.645{col 61}{space 4}-1.070514{col 74}{space 3} .6647476
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}  .083367{col 33}{space 2}  .419245{col 44}{space 1}    0.20{col 53}{space 3}0.843{col 61}{space 4}-.7437784{col 74}{space 3} .9105125
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .6533674{col 33}{space 2} .4606059{col 44}{space 1}    1.42{col 53}{space 3}0.158{col 61}{space 4}-.2553806{col 74}{space 3} 1.562115
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.056788{col 33}{space 2}  .535021{col 44}{space 1}   -1.98{col 53}{space 3}0.050{col 61}{space 4}-2.112353{col 74}{space 3}-.0012239
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .0021105{col 33}{space 2} .5057351{col 44}{space 1}    0.00{col 53}{space 3}0.997{col 61}{space 4}-.9956748{col 74}{space 3} .9998958
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0008949{col 33}{space 2} .1164425{col 44}{space 1}   -0.01{col 53}{space 3}0.994{col 61}{space 4} -.230629{col 74}{space 3} .2288391
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .2086532{col 33}{space 2} .1728859{col 44}{space 1}    1.21{col 53}{space 3}0.229{col 61}{space 4}-.1324404{col 74}{space 3} .5497468
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0091728{col 33}{space 2} .0566497{col 44}{space 1}   -0.16{col 53}{space 3}0.872{col 61}{space 4}-.1209393{col 74}{space 3} .1025936
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0504126{col 33}{space 2} .2682682{col 44}{space 1}   -0.19{col 53}{space 3}0.851{col 61}{space 4}-.5796899{col 74}{space 3} .4788647
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .3859237{col 33}{space 2} .1510471{col 44}{space 1}    2.55{col 53}{space 3}0.011{col 61}{space 4} .0879167{col 74}{space 3} .6839307
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 12.57545{col 33}{space 2} .6069523{col 44}{space 1}   20.72{col 53}{space 3}0.000{col 61}{space 4} 11.37797{col 74}{space 3} 13.77294
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}   .28625{col 26}{space 2} .3455271{col 37}{space 1}    0.83{col 46}{space 3}0.408{col 54}{space 4}-.3954545{col 67}{space 3} .9679545
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.28624999

{txt}added scalar:
               e(sd32) =  {res}.34552715

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8562504{col 26}{space 2} .3938877{col 37}{space 1}    2.17{col 46}{space 3}0.031{col 54}{space 4} .0791334{col 67}{space 3} 1.633367
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.85625036

{txt}added scalar:
               e(sd42) =  {res}.39388767

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.8539055{col 26}{space 2} .4620706{col 37}{space 1}   -1.85{col 46}{space 3}0.066{col 54}{space 4}-1.765543{col 67}{space 3} .0577323
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.85390554

{txt}added scalar:
               e(sd52) =  {res}.4620706

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2049934{col 26}{space 2} .4330652{col 37}{space 1}    0.47{col 46}{space 3}0.637{col 54}{space 4}-.6494185{col 67}{space 3} 1.059405
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.20499343

{txt}added scalar:
               e(sd62) =  {res}.43306523

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5700004{col 26}{space 2} .3899476{col 37}{space 1}    1.46{col 46}{space 3}0.146{col 54}{space 4}-.1993431{col 67}{space 3} 1.339344
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.57000036

{txt}added scalar:
               e(sd43) =  {res}.38994762

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.140156{col 26}{space 2} .4741135{col 37}{space 1}   -2.40{col 46}{space 3}0.017{col 54}{space 4}-2.075553{col 67}{space 3}-.2047577
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.1401555

{txt}added scalar:
               e(sd53) =  {res}.47411355

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0812566{col 26}{space 2} .4240488{col 37}{space 1}   -0.19{col 46}{space 3}0.848{col 54}{space 4}-.9178797{col 67}{space 3} .7553665
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.08125657

{txt}added scalar:
               e(sd63) =  {res}.42404881

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.710156{col 26}{space 2} .4970283{col 37}{space 1}   -3.44{col 46}{space 3}0.001{col 54}{space 4}-2.690763{col 67}{space 3}-.7295486
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.7101559

{txt}added scalar:
               e(sd54) =  {res}.49702833

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6512569{col 26}{space 2} .4561621{col 37}{space 1}   -1.43{col 46}{space 3}0.155{col 54}{space 4}-1.551238{col 67}{space 3} .2487237
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.65125693

{txt}added scalar:
               e(sd64) =  {res}.45616209

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}    payoff25{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.058899{col 26}{space 2} .5208021{col 37}{space 1}    2.03{col 46}{space 3}0.043{col 54}{space 4} .0313874{col 67}{space 3} 2.086411
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.058899

{txt}added scalar:
               e(sd65) =  {res}.52080208

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff25 {c |}{res}          1    16.95749           .   16.95749   16.95749

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff25 {c |}{res}          1    16.13456           .   16.13456   16.13456

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}payoff25 {c |}{res}          1     16.6554           .    16.6554    16.6554

{txt}added scalar:
             e(mean21) =  {res}-.82292366

{txt}added scalar:
             e(mean31) =  {res}-.30208588

{txt}added scalar:
             e(mean32) =  {res}.52083778
{txt}
{com}. 
. 
. esttab payoff* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32, fmt(%9.2f %9.2f %9.2f %9.0g %9.2f) labels( R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title(" payoff")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. est clear
{txt}
{com}. 
. *=============================
. *Figure 4
. *=============================
. 
. gen coef_time=.
{txt}(11,155 missing values generated)

{com}. gen coef_t2=.
{txt}(11,155 missing values generated)

{com}. gen coef_lb_t2=.
{txt}(11,155 missing values generated)

{com}. gen coef_ub_t2=.
{txt}(11,155 missing values generated)

{com}. gen coef_t3=.
{txt}(11,155 missing values generated)

{com}. gen coef_lb_t3=.
{txt}(11,155 missing values generated)

{com}. gen coef_ub_t3=.
{txt}(11,155 missing values generated)

{com}. gen coef_t4=.
{txt}(11,155 missing values generated)

{com}. gen coef_lb_t4=.
{txt}(11,155 missing values generated)

{com}. gen coef_ub_t4=.
{txt}(11,155 missing values generated)

{com}. gen coef_t5=.
{txt}(11,155 missing values generated)

{com}. gen coef_lb_t5=.
{txt}(11,155 missing values generated)

{com}. gen coef_ub_t5=.
{txt}(11,155 missing values generated)

{com}. gen coef_t6=.
{txt}(11,155 missing values generated)

{com}. gen coef_lb_t6=.
{txt}(11,155 missing values generated)

{com}. gen coef_ub_t6=.
{txt}(11,155 missing values generated)

{com}. foreach i of numlist 16/35 {c -(}
{txt}  2{com}. reg playertotal_payoff  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. replace coef_time=`i' in `i'
{txt}  4{com}. replace coef_t2=_b[t2] in `i'
{txt}  5{com}. replace coef_lb_t2=_b[t2]-1.96*_se[t2] in `i'
{txt}  6{com}. replace coef_ub_t2=_b[t2]+1.96*_se[t2] in `i'
{txt}  7{com}. replace coef_t3=_b[t3] in `i'
{txt}  8{com}. replace coef_lb_t3=_b[t3]-1.96*_se[t3] in `i'
{txt}  9{com}. replace coef_ub_t3=_b[t3]+1.96*_se[t3] in `i'
{txt} 10{com}. replace coef_t4=_b[t4] in `i'
{txt} 11{com}. replace coef_lb_t4=_b[t4]-1.96*_se[t4] in `i'
{txt} 12{com}. replace coef_ub_t4=_b[t4]+1.96*_se[t4] in `i'
{txt} 13{com}. replace coef_t5=_b[t5] in `i'
{txt} 14{com}. replace coef_lb_t5=_b[t5]-1.96*_se[t5] in `i'
{txt} 15{com}. replace coef_ub_t5=_b[t5]+1.96*_se[t5] in `i'
{txt} 16{com}. replace coef_t6=_b[t6] in `i'
{txt} 17{com}. replace coef_lb_t6=_b[t6]-1.96*_se[t6] in `i'
{txt} 18{com}. replace coef_ub_t6=_b[t6]+1.96*_se[t6] in `i'
{txt} 19{com}. foreach k of numlist 2/5{c -(}
{txt} 20{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt} 21{com}. lincom t`m'-t`k'
{txt} 22{com}. estadd scalar diff`m'`k' r(estimate)
{txt} 23{com}. estadd scalar sd`m'`k' r(se)
{txt} 24{com}. {c )-} 
{txt} 25{com}. {c )-}
{txt} 26{com}. foreach j of numlist 1/3{c -(}
{txt} 27{com}. sum playertotal_payoff if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 28{com}. local mean`j'=r(mean)
{txt} 29{com}. {c )-}
{txt} 30{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 31{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 32{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 33{com}. est store totalpayoff`i'
{txt} 34{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    16.53
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.3290
                                                {txt}Root MSE          =    {res} 2.1119

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 2.447258{col 33}{space 2} .3648146{col 44}{space 1}    6.71{col 53}{space 3}0.000{col 61}{space 4} 1.727501{col 74}{space 3} 3.167016
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 2.421642{col 33}{space 2}  .370136{col 44}{space 1}    6.54{col 53}{space 3}0.000{col 61}{space 4} 1.691386{col 74}{space 3} 3.151899
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .2590012{col 33}{space 2} .4677443{col 44}{space 1}    0.55{col 53}{space 3}0.580{col 61}{space 4}-.6638305{col 74}{space 3} 1.181833
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.396745{col 33}{space 2} .5334065{col 44}{space 1}   -2.62{col 53}{space 3}0.010{col 61}{space 4}-2.449125{col 74}{space 3}-.3443661
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 1.289331{col 33}{space 2} .5893397{col 44}{space 1}    2.19{col 53}{space 3}0.030{col 61}{space 4} .1265991{col 74}{space 3} 2.452063
{txt}{space 16}crt {c |}{col 21}{res}{space 2}  .114194{col 33}{space 2} .1302686{col 44}{space 1}    0.88{col 53}{space 3}0.382{col 61}{space 4}-.1428182{col 74}{space 3} .3712061
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.1993635{col 33}{space 2} .2040667{col 44}{space 1}   -0.98{col 53}{space 3}0.330{col 61}{space 4}-.6019749{col 74}{space 3}  .203248
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} -.021502{col 33}{space 2} .0617148{col 44}{space 1}   -0.35{col 53}{space 3}0.728{col 61}{space 4}-.1432617{col 74}{space 3} .1002576
{txt}{space 13}female {c |}{col 21}{res}{space 2} .8574905{col 33}{space 2} .2911076{col 44}{space 1}    2.95{col 53}{space 3}0.004{col 61}{space 4} .2831526{col 74}{space 3} 1.431828
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1804703{col 33}{space 2}  .154613{col 44}{space 1}    1.17{col 53}{space 3}0.245{col 61}{space 4} -.124572{col 74}{space 3} .4855125
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 7.986592{col 33}{space 2} .6918153{col 44}{space 1}   11.54{col 53}{space 3}0.000{col 61}{space 4} 6.621682{col 74}{space 3} 9.351502
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0256158{col 26}{space 2} .2742625{col 37}{space 1}   -0.09{col 46}{space 3}0.926{col 54}{space 4}-.5667195{col 67}{space 3} .5154878
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.02561584

{txt}added scalar:
               e(sd32) =  {res}.27426254

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.188257{col 26}{space 2} .3928295{col 37}{space 1}   -5.57{col 46}{space 3}0.000{col 54}{space 4}-2.963286{col 67}{space 3}-1.413228
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-2.188257

{txt}added scalar:
               e(sd42) =  {res}.39282946

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.844004{col 26}{space 2} .4611381{col 37}{space 1}   -8.34{col 46}{space 3}0.000{col 54}{space 4}-4.753802{col 67}{space 3}-2.934206
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-3.8440036

{txt}added scalar:
               e(sd52) =  {res}.46113812

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.157927{col 26}{space 2} .5258549{col 37}{space 1}   -2.20{col 46}{space 3}0.029{col 54}{space 4}-2.195408{col 67}{space 3}-.1204466
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-1.1579271

{txt}added scalar:
               e(sd62) =  {res}.52585492

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.162641{col 26}{space 2} .3964665{col 37}{space 1}   -5.45{col 46}{space 3}0.000{col 54}{space 4}-2.944846{col 67}{space 3}-1.380436
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-2.1626412

{txt}added scalar:
               e(sd43) =  {res}.39646655

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.818388{col 26}{space 2} .4650254{col 37}{space 1}   -8.21{col 46}{space 3}0.000{col 54}{space 4}-4.735855{col 67}{space 3} -2.90092
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-3.8183878

{txt}added scalar:
               e(sd53) =  {res}.46502544

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.132311{col 26}{space 2} .5218287{col 37}{space 1}   -2.17{col 46}{space 3}0.031{col 54}{space 4}-2.161848{col 67}{space 3}-.1027743
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-1.1323112

{txt}added scalar:
               e(sd63) =  {res}.52182865

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.655747{col 26}{space 2} .5413591{col 37}{space 1}   -3.06{col 46}{space 3}0.003{col 54}{space 4}-2.723816{col 67}{space 3}-.5876773
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.6557466

{txt}added scalar:
               e(sd54) =  {res}.54135907

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.03033{col 26}{space 2} .5916526{col 37}{space 1}    1.74{col 46}{space 3}0.083{col 54}{space 4}-.1369655{col 67}{space 3} 2.197625
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}1.03033

{txt}added scalar:
               e(sd64) =  {res}.59165262

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.686077{col 26}{space 2}  .636586{col 37}{space 1}    4.22{col 46}{space 3}0.000{col 54}{space 4}  1.43013{col 67}{space 3} 3.942023
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}2.6860765

{txt}added scalar:
               e(sd65) =  {res}.63658603

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    10.46302           .   10.46302   10.46302

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    10.17434           .   10.17434   10.17434

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     10.3343           .    10.3343    10.3343

{txt}added scalar:
             e(mean21) =  {res}-.28867819

{txt}added scalar:
             e(mean31) =  {res}-.12872181

{txt}added scalar:
             e(mean32) =  {res}.15995638

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    13.46
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2957
                                                {txt}Root MSE          =    {res} 2.0783

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 2.163772{col 33}{space 2} .3576245{col 44}{space 1}    6.05{col 53}{space 3}0.000{col 61}{space 4}   1.4582{col 74}{space 3} 2.869343
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 2.132081{col 33}{space 2} .3611698{col 44}{space 1}    5.90{col 53}{space 3}0.000{col 61}{space 4} 1.419514{col 74}{space 3} 2.844648
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .3326477{col 33}{space 2} .4558882{col 44}{space 1}    0.73{col 53}{space 3}0.467{col 61}{space 4}-.5667925{col 74}{space 3} 1.232088
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.396597{col 33}{space 2} .5384324{col 44}{space 1}   -2.59{col 53}{space 3}0.010{col 61}{space 4}-2.458892{col 74}{space 3}-.3343018
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 1.218671{col 33}{space 2} .5720601{col 44}{space 1}    2.13{col 53}{space 3}0.034{col 61}{space 4} .0900301{col 74}{space 3} 2.347311
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .1024567{col 33}{space 2} .1273128{col 44}{space 1}    0.80{col 53}{space 3}0.422{col 61}{space 4} -.148724{col 74}{space 3} .3536373
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.1765481{col 33}{space 2} .1996251{col 44}{space 1}   -0.88{col 53}{space 3}0.378{col 61}{space 4}-.5703966{col 74}{space 3} .2173003
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0152307{col 33}{space 2} .0604765{col 44}{space 1}   -0.25{col 53}{space 3}0.801{col 61}{space 4}-.1345472{col 74}{space 3} .1040858
{txt}{space 13}female {c |}{col 21}{res}{space 2} .7498016{col 33}{space 2} .2833995{col 44}{space 1}    2.65{col 53}{space 3}0.009{col 61}{space 4} .1906712{col 74}{space 3} 1.308932
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .2239405{col 33}{space 2} .1540257{col 44}{space 1}    1.45{col 53}{space 3}0.148{col 61}{space 4} -.079943{col 74}{space 3} .5278241
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 8.755605{col 33}{space 2} .6618298{col 44}{space 1}   13.23{col 53}{space 3}0.000{col 61}{space 4} 7.449854{col 74}{space 3} 10.06136
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0316906{col 26}{space 2} .2503098{col 37}{space 1}   -0.13{col 46}{space 3}0.899{col 54}{space 4}-.5255369{col 67}{space 3} .4621558
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.03169057

{txt}added scalar:
               e(sd32) =  {res}.2503098

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.831124{col 26}{space 2}  .375243{col 37}{space 1}   -4.88{col 46}{space 3}0.000{col 54}{space 4}-2.571456{col 67}{space 3}-1.090792
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-1.8311239

{txt}added scalar:
               e(sd42) =  {res}.37524304

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.560369{col 26}{space 2} .4628686{col 37}{space 1}   -7.69{col 46}{space 3}0.000{col 54}{space 4}-4.473581{col 67}{space 3}-2.647156
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-3.5603686

{txt}added scalar:
               e(sd52) =  {res}.46286859

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.945101{col 26}{space 2} .5034655{col 37}{space 1}   -1.88{col 46}{space 3}0.062{col 54}{space 4}-1.938408{col 67}{space 3} .0482066
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.94510097

{txt}added scalar:
               e(sd62) =  {res}.50346551

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.799433{col 26}{space 2} .3798754{col 37}{space 1}   -4.74{col 46}{space 3}0.000{col 54}{space 4}-2.548905{col 67}{space 3}-1.049962
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-1.7994333

{txt}added scalar:
               e(sd43) =  {res}.3798754

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.528678{col 26}{space 2} .4674073{col 37}{space 1}   -7.55{col 46}{space 3}0.000{col 54}{space 4}-4.450845{col 67}{space 3}-2.606511
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-3.528678

{txt}added scalar:
               e(sd53) =  {res}.46740732

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.9134104{col 26}{space 2}  .498436{col 37}{space 1}   -1.83{col 46}{space 3}0.068{col 54}{space 4}-1.896795{col 67}{space 3} .0699741
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.9134104

{txt}added scalar:
               e(sd63) =  {res}.49843596

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.729245{col 26}{space 2} .5397238{col 37}{space 1}   -3.20{col 46}{space 3}0.002{col 54}{space 4}-2.794088{col 67}{space 3}-.6644018
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.7292447

{txt}added scalar:
               e(sd54) =  {res}.53972376

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8860229{col 26}{space 2} .5684934{col 37}{space 1}    1.56{col 46}{space 3}0.121{col 54}{space 4}-.2355807{col 67}{space 3} 2.007627
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.88602294

{txt}added scalar:
               e(sd64) =  {res}.56849337

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.615268{col 26}{space 2} .6276579{col 37}{space 1}    4.17{col 46}{space 3}0.000{col 54}{space 4} 1.376936{col 67}{space 3} 3.853599
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}2.6152676

{txt}added scalar:
               e(sd65) =  {res}.62765787

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    11.30746           .   11.30746   11.30746

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    10.97279           .   10.97279   10.97279

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    11.16448           .   11.16448   11.16448

{txt}added scalar:
             e(mean21) =  {res}-.33466807

{txt}added scalar:
             e(mean31) =  {res}-.14298087

{txt}added scalar:
             e(mean32) =  {res}.19168721

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    10.03
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2497
                                                {txt}Root MSE          =    {res} 2.0602

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 1.816228{col 33}{space 2} .3623473{col 44}{space 1}    5.01{col 53}{space 3}0.000{col 61}{space 4} 1.101338{col 74}{space 3} 2.531117
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 1.816019{col 33}{space 2} .3614935{col 44}{space 1}    5.02{col 53}{space 3}0.000{col 61}{space 4} 1.102813{col 74}{space 3} 2.529224
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .3806743{col 33}{space 2}  .449505{col 44}{space 1}    0.85{col 53}{space 3}0.398{col 61}{space 4}-.5061724{col 74}{space 3} 1.267521
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.369665{col 33}{space 2} .5440319{col 44}{space 1}   -2.52{col 53}{space 3}0.013{col 61}{space 4}-2.443008{col 74}{space 3}-.2963228
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 1.079068{col 33}{space 2}  .554481{col 44}{space 1}    1.95{col 53}{space 3}0.053{col 61}{space 4}-.0148903{col 74}{space 3} 2.173026
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0941598{col 33}{space 2} .1227222{col 44}{space 1}    0.77{col 53}{space 3}0.444{col 61}{space 4}-.1479637{col 74}{space 3} .3362834
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.1283237{col 33}{space 2} .1920252{col 44}{space 1}   -0.67{col 53}{space 3}0.505{col 61}{space 4} -.507178{col 74}{space 3} .2505306
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0070734{col 33}{space 2} .0593139{col 44}{space 1}   -0.12{col 53}{space 3}0.905{col 61}{space 4}-.1240962{col 74}{space 3} .1099494
{txt}{space 13}female {c |}{col 21}{res}{space 2} .6167148{col 33}{space 2} .2761609{col 44}{space 1}    2.23{col 53}{space 3}0.027{col 61}{space 4} .0718657{col 74}{space 3} 1.161564
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .265173{col 33}{space 2} .1557208{col 44}{space 1}    1.70{col 53}{space 3}0.090{col 61}{space 4} -.042055{col 74}{space 3} .5724009
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 9.469832{col 33}{space 2} .6395575{col 44}{space 1}   14.81{col 53}{space 3}0.000{col 61}{space 4} 8.208024{col 74}{space 3} 10.73164
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0002091{col 26}{space 2} .2434719{col 37}{space 1}   -0.00{col 46}{space 3}0.999{col 54}{space 4}-.4805646{col 67}{space 3} .4801465
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.00020907

{txt}added scalar:
               e(sd32) =  {res}.24347187

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.435553{col 26}{space 2} .3640002{col 37}{space 1}   -3.94{col 46}{space 3}0.000{col 54}{space 4}-2.153704{col 67}{space 3}-.7174026
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-1.4355534

{txt}added scalar:
               e(sd42) =  {res}.36400025

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.185893{col 26}{space 2} .4649228{col 37}{space 1}   -6.85{col 46}{space 3}0.000{col 54}{space 4}-4.103158{col 67}{space 3}-2.268628
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-3.1858932

{txt}added scalar:
               e(sd52) =  {res}.46492275

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7371599{col 26}{space 2} .4807411{col 37}{space 1}   -1.53{col 46}{space 3}0.127{col 54}{space 4}-1.685634{col 67}{space 3} .2113138
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.73715992

{txt}added scalar:
               e(sd62) =  {res}.48074115

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.435344{col 26}{space 2} .3674638{col 37}{space 1}   -3.91{col 46}{space 3}0.000{col 54}{space 4}-2.160329{col 67}{space 3}-.7103601
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-1.4353444

{txt}added scalar:
               e(sd43) =  {res}.36746383

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.185684{col 26}{space 2}  .470889{col 37}{space 1}   -6.77{col 46}{space 3}0.000{col 54}{space 4} -4.11472{col 67}{space 3}-2.256648
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-3.1856841

{txt}added scalar:
               e(sd53) =  {res}.47088895

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7369508{col 26}{space 2} .4733719{col 37}{space 1}   -1.56{col 46}{space 3}0.121{col 54}{space 4}-1.670885{col 67}{space 3} .1969837
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.73695085

{txt}added scalar:
               e(sd63) =  {res}.47337188

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.75034{col 26}{space 2} .5355285{col 37}{space 1}   -3.27{col 46}{space 3}0.001{col 54}{space 4}-2.806906{col 67}{space 3}-.6937739
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.7503398

{txt}added scalar:
               e(sd54) =  {res}.53552848

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6983935{col 26}{space 2} .5412678{col 37}{space 1}    1.29{col 46}{space 3}0.199{col 54}{space 4}-.3694958{col 67}{space 3} 1.766283
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.69839351

{txt}added scalar:
               e(sd64) =  {res}.54126784

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.448733{col 26}{space 2} .6123751{col 37}{space 1}    4.00{col 46}{space 3}0.000{col 54}{space 4} 1.240554{col 67}{space 3} 3.656913
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}2.4487333

{txt}added scalar:
               e(sd65) =  {res}.61237514

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    12.14997           .   12.14997   12.14997

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    11.76639           .   11.76639   11.76639

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    11.99187           .   11.99187   11.99187

{txt}added scalar:
             e(mean21) =  {res}-.38357691

{txt}added scalar:
             e(mean31) =  {res}-.15809684

{txt}added scalar:
             e(mean32) =  {res}.22548007

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     6.65
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1973
                                                {txt}Root MSE          =    {res} 2.0629

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 1.391092{col 33}{space 2} .3797907{col 44}{space 1}    3.66{col 53}{space 3}0.000{col 61}{space 4} .6417877{col 74}{space 3} 2.140397
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 1.417031{col 33}{space 2} .3713846{col 44}{space 1}    3.82{col 53}{space 3}0.000{col 61}{space 4} .6843107{col 74}{space 3}  2.14975
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .3925685{col 33}{space 2} .4507911{col 44}{space 1}    0.87{col 53}{space 3}0.385{col 61}{space 4}-.4968155{col 74}{space 3} 1.281952
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.390379{col 33}{space 2} .5479653{col 44}{space 1}   -2.54{col 53}{space 3}0.012{col 61}{space 4}-2.471482{col 74}{space 3}-.3092763
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .8604408{col 33}{space 2} .5435601{col 44}{space 1}    1.58{col 53}{space 3}0.115{col 61}{space 4} -.211971{col 74}{space 3} 1.932853
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0833021{col 33}{space 2} .1202596{col 44}{space 1}    0.69{col 53}{space 3}0.489{col 61}{space 4}-.1539629{col 74}{space 3} .3205671
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}-.0479165{col 33}{space 2} .1872473{col 44}{space 1}   -0.26{col 53}{space 3}0.798{col 61}{space 4}-.4173443{col 74}{space 3} .3215113
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0040265{col 33}{space 2} .0590233{col 44}{space 1}   -0.07{col 53}{space 3}0.946{col 61}{space 4}-.1204759{col 74}{space 3} .1124229
{txt}{space 13}female {c |}{col 21}{res}{space 2} .4858966{col 33}{space 2} .2716657{col 44}{space 1}    1.79{col 53}{space 3}0.075{col 61}{space 4}-.0500837{col 74}{space 3} 1.021877
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .3393297{col 33}{space 2} .1582278{col 44}{space 1}    2.14{col 53}{space 3}0.033{col 61}{space 4} .0271557{col 74}{space 3} .6515038
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 10.16866{col 33}{space 2} .6293797{col 44}{space 1}   16.16{col 53}{space 3}0.000{col 61}{space 4} 8.926927{col 74}{space 3} 11.41038
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0259383{col 26}{space 2} .2559954{col 37}{space 1}    0.10{col 46}{space 3}0.919{col 54}{space 4}-.4791254{col 67}{space 3} .5310021
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.02593834

{txt}added scalar:
               e(sd32) =  {res}.25599544

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.9985237{col 26}{space 2} .3644058{col 37}{space 1}   -2.74{col 46}{space 3}0.007{col 54}{space 4}-1.717475{col 67}{space 3}-.2795727
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.99852369

{txt}added scalar:
               e(sd42) =  {res}.36440579

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.781471{col 26}{space 2} .4676559{col 37}{space 1}   -5.95{col 46}{space 3}0.000{col 54}{space 4}-3.704129{col 67}{space 3}-1.858814
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-2.7814714

{txt}added scalar:
               e(sd52) =  {res}.46765591

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.5306513{col 26}{space 2} .4665688{col 37}{space 1}   -1.14{col 46}{space 3}0.257{col 54}{space 4}-1.451164{col 67}{space 3} .3898611
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.53065134

{txt}added scalar:
               e(sd62) =  {res}.46656877

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.024462{col 26}{space 2} .3643629{col 37}{space 1}   -2.81{col 46}{space 3}0.005{col 54}{space 4}-1.743328{col 67}{space 3}-.3055957
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-1.024462

{txt}added scalar:
               e(sd43) =  {res}.3643629

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -2.80741{col 26}{space 2} .4728025{col 37}{space 1}   -5.94{col 46}{space 3}0.000{col 54}{space 4}-3.740221{col 67}{space 3}-1.874599
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-2.8074097

{txt}added scalar:
               e(sd53) =  {res}.47280246

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.5565897{col 26}{space 2} .4549375{col 37}{space 1}   -1.22{col 46}{space 3}0.223{col 54}{space 4}-1.454154{col 67}{space 3} .3409749
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.55658968

{txt}added scalar:
               e(sd63) =  {res}.45493745

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.782948{col 26}{space 2} .5290434{col 37}{space 1}   -3.37{col 46}{space 3}0.001{col 54}{space 4}-2.826719{col 67}{space 3}-.7391765
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.7829477

{txt}added scalar:
               e(sd54) =  {res}.52904341

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4678724{col 26}{space 2} .5190812{col 37}{space 1}    0.90{col 46}{space 3}0.369{col 54}{space 4} -.556244{col 67}{space 3} 1.491989
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.46787235

{txt}added scalar:
               e(sd64) =  {res}.51908122

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  2.25082{col 26}{space 2}  .595211{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} 1.076504{col 67}{space 3} 3.425136
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}2.25082

{txt}added scalar:
               e(sd65) =  {res}.59521098

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    12.99071           .   12.99071   12.99071

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    12.55502           .   12.55502   12.55502

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    12.81643           .   12.81643   12.81643

{txt}added scalar:
             e(mean21) =  {res}-.4356911

{txt}added scalar:
             e(mean31) =  {res}-.1742835

{txt}added scalar:
             e(mean32) =  {res}.2614076

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     4.08
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1461
                                                {txt}Root MSE          =    {res} 2.0825

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .9365893{col 33}{space 2} .4057479{col 44}{space 1}    2.31{col 53}{space 3}0.022{col 61}{space 4} .1360729{col 74}{space 3} 1.737106
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}  .971508{col 33}{space 2} .3889671{col 44}{space 1}    2.50{col 53}{space 3}0.013{col 61}{space 4}  .204099{col 74}{space 3} 1.738917
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .3565274{col 33}{space 2} .4579767{col 44}{space 1}    0.78{col 53}{space 3}0.437{col 61}{space 4}-.5470334{col 74}{space 3} 1.260088
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.423208{col 33}{space 2} .5546306{col 44}{space 1}   -2.57{col 53}{space 3}0.011{col 61}{space 4}-2.517461{col 74}{space 3}-.3289545
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .5475898{col 33}{space 2} .5324011{col 44}{space 1}    1.03{col 53}{space 3}0.305{col 61}{space 4}-.5028059{col 74}{space 3} 1.597985
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0685708{col 33}{space 2} .1205065{col 44}{space 1}    0.57{col 53}{space 3}0.570{col 61}{space 4}-.1691813{col 74}{space 3} .3063229
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0463599{col 33}{space 2} .1837621{col 44}{space 1}    0.25{col 53}{space 3}0.801{col 61}{space 4}-.3161918{col 74}{space 3} .4089116
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} -.006079{col 33}{space 2} .0591406{col 44}{space 1}   -0.10{col 53}{space 3}0.918{col 61}{space 4}-.1227598{col 74}{space 3} .1106018
{txt}{space 13}female {c |}{col 21}{res}{space 2} .3488702{col 33}{space 2}  .271933{col 44}{space 1}    1.28{col 53}{space 3}0.201{col 61}{space 4}-.1876374{col 74}{space 3} .8853777
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .3921676{col 33}{space 2} .1613158{col 44}{space 1}    2.43{col 53}{space 3}0.016{col 61}{space 4} .0739012{col 74}{space 3}  .710434
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  10.8887{col 33}{space 2} .6247837{col 44}{space 1}   17.43{col 53}{space 3}0.000{col 61}{space 4} 9.656038{col 74}{space 3} 12.12136
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0349187{col 26}{space 2} .2843519{col 37}{space 1}    0.12{col 46}{space 3}0.902{col 54}{space 4}-.5260907{col 67}{space 3} .5959281
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.03491869

{txt}added scalar:
               e(sd32) =  {res}.28435189

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.5800619{col 26}{space 2} .3780243{col 37}{space 1}   -1.53{col 46}{space 3}0.127{col 54}{space 4}-1.325881{col 67}{space 3} .1657576
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.58006188

{txt}added scalar:
               e(sd42) =  {res}.37802429

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.359797{col 26}{space 2} .4762912{col 37}{space 1}   -4.95{col 46}{space 3}0.000{col 54}{space 4}-3.299491{col 67}{space 3}-1.420103
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-2.3597969

{txt}added scalar:
               e(sd52) =  {res}.4762912

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3889995{col 26}{space 2} .4548029{col 37}{space 1}   -0.86{col 46}{space 3}0.393{col 54}{space 4}-1.286299{col 67}{space 3} .5082996
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.38899951

{txt}added scalar:
               e(sd62) =  {res}.45480292

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6149806{col 26}{space 2} .3692837{col 37}{space 1}   -1.67{col 46}{space 3}0.098{col 54}{space 4}-1.343555{col 67}{space 3} .1135942
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.61498057

{txt}added scalar:
               e(sd43) =  {res}.36928369

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.394716{col 26}{space 2} .4796169{col 37}{space 1}   -4.99{col 46}{space 3}0.000{col 54}{space 4}-3.340971{col 67}{space 3} -1.44846
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-2.3947156

{txt}added scalar:
               e(sd53) =  {res}.47961688

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4239182{col 26}{space 2} .4383936{col 37}{space 1}   -0.97{col 46}{space 3}0.335{col 54}{space 4}-1.288843{col 67}{space 3} .4410062
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.4239182

{txt}added scalar:
               e(sd63) =  {res}.43839356

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.779735{col 26}{space 2} .5255082{col 37}{space 1}   -3.39{col 46}{space 3}0.001{col 54}{space 4}-2.816531{col 67}{space 3}-.7429387
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.779735

{txt}added scalar:
               e(sd54) =  {res}.52550815

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1910624{col 26}{space 2} .4967991{col 37}{space 1}    0.38{col 46}{space 3}0.701{col 54}{space 4}-.7890926{col 67}{space 3} 1.171217
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.19106236

{txt}added scalar:
               e(sd64) =  {res}.49679906

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.970797{col 26}{space 2} .5756735{col 37}{space 1}    3.42{col 46}{space 3}0.001{col 54}{space 4} .8350277{col 67}{space 3} 3.106567
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.9707974

{txt}added scalar:
               e(sd65) =  {res}.57567354

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    13.82983           .   13.82983   13.82983

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    13.33856           .   13.33856   13.33856

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    13.63811           .   13.63811   13.63811

{txt}added scalar:
             e(mean21) =  {res}-.49126351

{txt}added scalar:
             e(mean31) =  {res}-.19171166

{txt}added scalar:
             e(mean32) =  {res}.29955185

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.60
                                                {txt}Prob > F          = {res}    0.0057
                                                {txt}R-squared         = {res}    0.1057
                                                {txt}Root MSE          =    {res} 2.1108

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}  .436295{col 33}{space 2} .4356168{col 44}{space 1}    1.00{col 53}{space 3}0.318{col 61}{space 4}-.4231511{col 74}{space 3} 1.295741
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .5227003{col 33}{space 2} .4114476{col 44}{space 1}    1.27{col 53}{space 3}0.206{col 61}{space 4}-.2890614{col 74}{space 3} 1.334462
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .3000633{col 33}{space 2} .4699815{col 44}{space 1}    0.64{col 53}{space 3}0.524{col 61}{space 4}-.6271822{col 74}{space 3} 1.227309
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.442737{col 33}{space 2} .5620937{col 44}{space 1}   -2.57{col 53}{space 3}0.011{col 61}{space 4}-2.551714{col 74}{space 3}-.3337597
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .2690126{col 33}{space 2} .5264724{col 44}{space 1}    0.51{col 53}{space 3}0.610{col 61}{space 4}-.7696862{col 74}{space 3} 1.307711
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0502213{col 33}{space 2} .1215969{col 44}{space 1}    0.41{col 53}{space 3}0.680{col 61}{space 4}-.1896821{col 74}{space 3} .2901248
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}  .129581{col 33}{space 2} .1823107{col 44}{space 1}    0.71{col 53}{space 3}0.478{col 61}{space 4}-.2301072{col 74}{space 3} .4892691
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0040044{col 33}{space 2} .0601244{col 44}{space 1}   -0.07{col 53}{space 3}0.947{col 61}{space 4}-.1226263{col 74}{space 3} .1146175
{txt}{space 13}female {c |}{col 21}{res}{space 2}   .19783{col 33}{space 2} .2760179{col 44}{space 1}    0.72{col 53}{space 3}0.474{col 61}{space 4}-.3467369{col 74}{space 3} .7423969
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .4427514{col 33}{space 2} .1609735{col 44}{space 1}    2.75{col 53}{space 3}0.007{col 61}{space 4} .1251603{col 74}{space 3} .7603424
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 11.60707{col 33}{space 2}   .63379{col 44}{space 1}   18.31{col 53}{space 3}0.000{col 61}{space 4} 10.35664{col 74}{space 3}  12.8575
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0864053{col 26}{space 2}  .322405{col 37}{space 1}    0.27{col 46}{space 3}0.789{col 54}{space 4}-.5496806{col 67}{space 3} .7224912
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.08640529

{txt}added scalar:
               e(sd32) =  {res}.32240498

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1362317{col 26}{space 2} .3988543{col 37}{space 1}   -0.34{col 46}{space 3}0.733{col 54}{space 4}-.9231475{col 67}{space 3} .6506841
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.13623173

{txt}added scalar:
               e(sd42) =  {res}.3988543

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.879032{col 26}{space 2} .4881692{col 37}{space 1}   -3.85{col 46}{space 3}0.000{col 54}{space 4}-2.842161{col 67}{space 3}-.9159032
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-1.8790321

{txt}added scalar:
               e(sd52) =  {res}.48816924

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1672824{col 26}{space 2} .4509551{col 37}{space 1}   -0.37{col 46}{space 3}0.711{col 54}{space 4} -1.05699{col 67}{space 3} .7224252
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.16728241

{txt}added scalar:
               e(sd62) =  {res}.4509551

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.222637{col 26}{space 2} .3840677{col 37}{space 1}   -0.58{col 46}{space 3}0.563{col 54}{space 4}-.9803798{col 67}{space 3} .5351057
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.22263701

{txt}added scalar:
               e(sd43) =  {res}.38406771

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.965437{col 26}{space 2} .4901162{col 37}{space 1}   -4.01{col 46}{space 3}0.000{col 54}{space 4}-2.932407{col 67}{space 3}-.9984673
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.9654374

{txt}added scalar:
               e(sd53) =  {res}.49011619

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2536877{col 26}{space 2} .4307763{col 37}{space 1}   -0.59{col 46}{space 3}0.557{col 54}{space 4}-1.103584{col 67}{space 3} .5962084
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.25368769

{txt}added scalar:
               e(sd63) =  {res}.43077632

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  -1.7428{col 26}{space 2} .5269102{col 37}{space 1}   -3.31{col 46}{space 3}0.001{col 54}{space 4}-2.782363{col 67}{space 3}-.7032378
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.7428004

{txt}added scalar:
               e(sd54) =  {res}.52691024

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0310507{col 26}{space 2} .4817827{col 37}{space 1}   -0.06{col 46}{space 3}0.949{col 54}{space 4}-.9815794{col 67}{space 3}  .919478
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.03105068

{txt}added scalar:
               e(sd64) =  {res}.48178274

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.71175{col 26}{space 2} .5604794{col 37}{space 1}    3.05{col 46}{space 3}0.003{col 54}{space 4} .6059571{col 67}{space 3} 2.817542
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.7117497

{txt}added scalar:
               e(sd65) =  {res}.56047942

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    14.66743           .   14.66743   14.66743

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     14.1169           .    14.1169    14.1169

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    14.45688           .   14.45688   14.45688

{txt}added scalar:
             e(mean21) =  {res}-.55052702

{txt}added scalar:
             e(mean31) =  {res}-.21054977

{txt}added scalar:
             e(mean32) =  {res}.33997725

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.19
                                                {txt}Prob > F          = {res}    0.0203
                                                {txt}R-squared         = {res}    0.0835
                                                {txt}Root MSE          =    {res} 2.1419

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.0357447{col 33}{space 2} .4608837{col 44}{space 1}   -0.08{col 53}{space 3}0.938{col 61}{space 4}-.9450408{col 74}{space 3} .8735513
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .1058831{col 33}{space 2} .4300581{col 44}{space 1}    0.25{col 53}{space 3}0.806{col 61}{space 4} -.742596{col 74}{space 3} .9543621
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .2252134{col 33}{space 2} .4795124{col 44}{space 1}    0.47{col 53}{space 3}0.639{col 61}{space 4}-.7208361{col 74}{space 3} 1.171263
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.441252{col 33}{space 2} .5646139{col 44}{space 1}   -2.55{col 53}{space 3}0.012{col 61}{space 4}-2.555202{col 74}{space 3}-.3273023
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.0077742{col 33}{space 2}  .518901{col 44}{space 1}   -0.01{col 53}{space 3}0.988{col 61}{space 4}-1.031535{col 74}{space 3} 1.015987
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0283968{col 33}{space 2} .1239514{col 44}{space 1}    0.23{col 53}{space 3}0.819{col 61}{space 4}-.2161519{col 74}{space 3} .2729454
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}   .20904{col 33}{space 2} .1813876{col 44}{space 1}    1.15{col 53}{space 3}0.251{col 61}{space 4}-.1488268{col 74}{space 3} .5669069
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0009126{col 33}{space 2} .0615116{col 44}{space 1}    0.01{col 53}{space 3}0.988{col 61}{space 4}-.1204461{col 74}{space 3} .1222713
{txt}{space 13}female {c |}{col 21}{res}{space 2} .0084041{col 33}{space 2} .2812897{col 44}{space 1}    0.03{col 53}{space 3}0.976{col 61}{space 4}-.5465638{col 74}{space 3}  .563372
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .5111405{col 33}{space 2} .1590172{col 44}{space 1}    3.21{col 53}{space 3}0.002{col 61}{space 4} .1974091{col 74}{space 3}  .824872
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  12.2761{col 33}{space 2} .6452844{col 44}{space 1}   19.02{col 53}{space 3}0.000{col 61}{space 4} 11.00299{col 74}{space 3}  13.5492
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1416278{col 26}{space 2} .3653378{col 37}{space 1}    0.39{col 46}{space 3}0.699{col 54}{space 4} -.579162{col 67}{space 3} .8624176
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.1416278

{txt}added scalar:
               e(sd32) =  {res}.36533781

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2609581{col 26}{space 2} .4243464{col 37}{space 1}    0.61{col 46}{space 3}0.539{col 54}{space 4}-.5762521{col 67}{space 3} 1.098168
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.26095813

{txt}added scalar:
               e(sd42) =  {res}.4243464

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.405507{col 26}{space 2} .5025835{col 37}{space 1}   -2.80{col 46}{space 3}0.006{col 54}{space 4}-2.397075{col 67}{space 3}-.4139398
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-1.4055072

{txt}added scalar:
               e(sd52) =  {res}.50258352

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0279705{col 26}{space 2} .4532352{col 37}{space 1}    0.06{col 46}{space 3}0.951{col 54}{space 4}-.8662356{col 67}{space 3} .9221767
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.02797052

{txt}added scalar:
               e(sd62) =  {res}.45323523

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1193303{col 26}{space 2} .4060166{col 37}{space 1}    0.29{col 46}{space 3}0.769{col 54}{space 4}-.6817162{col 67}{space 3} .9203769
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.11933032

{txt}added scalar:
               e(sd43) =  {res}.40601657

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.547135{col 26}{space 2} .5039645{col 37}{space 1}   -3.07{col 46}{space 3}0.002{col 54}{space 4}-2.541427{col 67}{space 3}-.5528431
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.547135

{txt}added scalar:
               e(sd53) =  {res}.50396446

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1136573{col 26}{space 2} .4317079{col 37}{space 1}   -0.26{col 46}{space 3}0.793{col 54}{space 4}-.9653912{col 67}{space 3} .7380767
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.11365728

{txt}added scalar:
               e(sd63) =  {res}.43170786

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.666465{col 26}{space 2}  .531371{col 37}{space 1}   -3.14{col 46}{space 3}0.002{col 54}{space 4}-2.714829{col 67}{space 3}-.6181019
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.6664654

{txt}added scalar:
               e(sd54) =  {res}.53137103

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.2329876{col 26}{space 2} .4735177{col 37}{space 1}   -0.49{col 46}{space 3}0.623{col 54}{space 4} -1.16721{col 67}{space 3} .7012346
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.23298761

{txt}added scalar:
               e(sd64) =  {res}.47351765

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.433478{col 26}{space 2} .5491211{col 37}{space 1}    2.61{col 46}{space 3}0.010{col 54}{space 4} .3500945{col 67}{space 3} 2.516861
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.4334778

{txt}added scalar:
               e(sd65) =  {res}.54912108

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    15.50363           .   15.50363   15.50363

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     14.8899           .    14.8899    14.8899

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    15.27266           .   15.27266   15.27266

{txt}added scalar:
             e(mean21) =  {res}-.61372672

{txt}added scalar:
             e(mean31) =  {res}-.2309636

{txt}added scalar:
             e(mean32) =  {res}.38276313

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     2.53
                                                {txt}Prob > F          = {res}    0.0071
                                                {txt}R-squared         = {res}    0.0776
                                                {txt}Root MSE          =    {res} 2.1947

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.4378246{col 33}{space 2} .4893392{col 44}{space 1}   -0.89{col 53}{space 3}0.372{col 61}{space 4}-1.403262{col 74}{space 3} .5276125
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.2273907{col 33}{space 2} .4566387{col 44}{space 1}   -0.50{col 53}{space 3}0.619{col 61}{space 4}-1.128312{col 74}{space 3} .6735304
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}  .213152{col 33}{space 2} .4922637{col 44}{space 1}    0.43{col 53}{space 3}0.666{col 61}{space 4}-.7580551{col 74}{space 3} 1.184359
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.397156{col 33}{space 2} .5762518{col 44}{space 1}   -2.42{col 53}{space 3}0.016{col 61}{space 4}-2.534067{col 74}{space 3}-.2602458
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.2509176{col 33}{space 2} .5160568{col 44}{space 1}   -0.49{col 53}{space 3}0.627{col 61}{space 4}-1.269067{col 74}{space 3} .7672319
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0236148{col 33}{space 2} .1265933{col 44}{space 1}    0.19{col 53}{space 3}0.852{col 61}{space 4}-.2261462{col 74}{space 3} .2733758
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .2683495{col 33}{space 2} .1826257{col 44}{space 1}    1.47{col 53}{space 3}0.143{col 61}{space 4}-.0919601{col 74}{space 3} .6286591
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0064565{col 33}{space 2} .0634902{col 44}{space 1}    0.10{col 53}{space 3}0.919{col 61}{space 4} -.118806{col 74}{space 3} .1317189
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.1901006{col 33}{space 2} .2902002{col 44}{space 1}   -0.66{col 53}{space 3}0.513{col 61}{space 4}-.7626482{col 74}{space 3} .3824471
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .5415027{col 33}{space 2} .1579986{col 44}{space 1}    3.43{col 53}{space 3}0.001{col 61}{space 4} .2297809{col 74}{space 3} .8532245
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 12.86312{col 33}{space 2} .6621774{col 44}{space 1}   19.43{col 53}{space 3}0.000{col 61}{space 4} 11.55668{col 74}{space 3} 14.16956
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2104339{col 26}{space 2} .4111573{col 37}{space 1}    0.51{col 46}{space 3}0.609{col 54}{space 4} -.600755{col 67}{space 3} 1.021623
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.21043393

{txt}added scalar:
               e(sd32) =  {res}.4111573

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6509766{col 26}{space 2} .4499389{col 37}{space 1}    1.45{col 46}{space 3}0.150{col 54}{space 4} -.236726{col 67}{space 3} 1.538679
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.65097661

{txt}added scalar:
               e(sd42) =  {res}.44993885

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.9593318{col 26}{space 2} .5242543{col 37}{space 1}   -1.83{col 46}{space 3}0.069{col 54}{space 4}-1.993654{col 67}{space 3} .0749908
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.9593318

{txt}added scalar:
               e(sd52) =  {res}.52425433

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .186907{col 26}{space 2} .4590664{col 37}{space 1}    0.41{col 46}{space 3}0.684{col 54}{space 4}-.7188037{col 67}{space 3} 1.092618
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.18690699

{txt}added scalar:
               e(sd62) =  {res}.45906641

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4405427{col 26}{space 2} .4325116{col 37}{space 1}    1.02{col 46}{space 3}0.310{col 54}{space 4} -.412777{col 67}{space 3} 1.293862
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.44054268

{txt}added scalar:
               e(sd43) =  {res}.43251161

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.169766{col 26}{space 2} .5289655{col 37}{space 1}   -2.21{col 46}{space 3}0.028{col 54}{space 4}-2.213383{col 67}{space 3}-.1261482
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-1.1697657

{txt}added scalar:
               e(sd53) =  {res}.52896551

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0235269{col 26}{space 2} .4394674{col 37}{space 1}   -0.05{col 46}{space 3}0.957{col 54}{space 4}-.8905699{col 67}{space 3} .8435161
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}-.02352694

{txt}added scalar:
               e(sd63) =  {res}.43946738

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.610308{col 26}{space 2} .5421166{col 37}{space 1}   -2.97{col 46}{space 3}0.003{col 54}{space 4}-2.679872{col 67}{space 3}-.5407447
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.6103084

{txt}added scalar:
               e(sd54) =  {res}.54211655

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.4640696{col 26}{space 2} .4665406{col 37}{space 1}   -0.99{col 46}{space 3}0.321{col 54}{space 4}-1.384527{col 67}{space 3} .4563873
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.46406962

{txt}added scalar:
               e(sd64) =  {res}.46654064

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.146239{col 26}{space 2} .5452597{col 37}{space 1}    2.10{col 46}{space 3}0.037{col 54}{space 4} .0704738{col 67}{space 3} 2.222004
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}1.1462388

{txt}added scalar:
               e(sd65) =  {res}.5452597

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    16.33841           .   16.33841   16.33841

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    15.65744           .   15.65744   15.65744

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    16.08543           .   16.08543   16.08543

{txt}added scalar:
             e(mean21) =  {res}-.68096747

{txt}added scalar:
             e(mean31) =  {res}-.25298061

{txt}added scalar:
             e(mean32) =  {res}.42798686

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     3.17
                                                {txt}Prob > F          = {res}    0.0009
                                                {txt}R-squared         = {res}    0.0808
                                                {txt}Root MSE          =    {res} 2.2904

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-.7995482{col 33}{space 2} .5202764{col 44}{space 1}   -1.54{col 53}{space 3}0.126{col 61}{space 4}-1.826023{col 74}{space 3} .2269263
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.5003731{col 33}{space 2} .4874575{col 44}{space 1}   -1.03{col 53}{space 3}0.306{col 61}{space 4}-1.462098{col 74}{space 3} .4613515
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .1883971{col 33}{space 2} .5137947{col 44}{space 1}    0.37{col 53}{space 3}0.714{col 61}{space 4}-.8252893{col 74}{space 3} 1.202083
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.319545{col 33}{space 2} .5916894{col 44}{space 1}   -2.23{col 53}{space 3}0.027{col 61}{space 4}-2.486913{col 74}{space 3}-.1521772
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.4368582{col 33}{space 2}  .521519{col 44}{space 1}   -0.84{col 53}{space 3}0.403{col 61}{space 4}-1.465784{col 74}{space 3} .5920677
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0198757{col 33}{space 2} .1320955{col 44}{space 1}    0.15{col 53}{space 3}0.881{col 61}{space 4}-.2407408{col 74}{space 3} .2804922
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2}  .341223{col 33}{space 2} .1866997{col 44}{space 1}    1.83{col 53}{space 3}0.069{col 61}{space 4}-.0271245{col 74}{space 3} .7095705
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0149676{col 33}{space 2} .0663527{col 44}{space 1}    0.23{col 53}{space 3}0.822{col 61}{space 4}-.1159423{col 74}{space 3} .1458775
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.3774938{col 33}{space 2} .3051198{col 44}{space 1}   -1.24{col 53}{space 3}0.218{col 61}{space 4} -.979477{col 74}{space 3} .2244894
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .5470108{col 33}{space 2} .1616311{col 44}{space 1}    3.38{col 53}{space 3}0.001{col 61}{space 4} .2281223{col 74}{space 3} .8658993
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 13.32887{col 33}{space 2} .6865708{col 44}{space 1}   19.41{col 53}{space 3}0.000{col 61}{space 4}  11.9743{col 74}{space 3} 14.68343
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2991751{col 26}{space 2} .4604498{col 37}{space 1}    0.65{col 46}{space 3}0.517{col 54}{space 4}-.6092649{col 67}{space 3} 1.207615
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.29917512

{txt}added scalar:
               e(sd32) =  {res}.46044977

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9879453{col 26}{space 2} .4862959{col 37}{space 1}    2.03{col 46}{space 3}0.044{col 54}{space 4} .0285125{col 67}{space 3} 1.947378
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}.98794526

{txt}added scalar:
               e(sd42) =  {res}.48629585

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.519997{col 26}{space 2} .5508966{col 37}{space 1}   -0.94{col 46}{space 3}0.346{col 54}{space 4}-1.606883{col 67}{space 3} .5668893
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.51999698

{txt}added scalar:
               e(sd52) =  {res}.55089664

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}   .36269{col 26}{space 2} .4754964{col 37}{space 1}    0.76{col 46}{space 3}0.447{col 54}{space 4}-.5754362{col 67}{space 3} 1.300816
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.36269002

{txt}added scalar:
               e(sd62) =  {res}.47549645

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6887701{col 26}{space 2} .4686773{col 37}{space 1}    1.47{col 46}{space 3}0.143{col 54}{space 4}-.2359022{col 67}{space 3} 1.613443
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.68877014

{txt}added scalar:
               e(sd43) =  {res}.46867726

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.8191721{col 26}{space 2} .5590338{col 37}{space 1}   -1.47{col 46}{space 3}0.145{col 54}{space 4}-1.922113{col 67}{space 3} .2837683
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.81917211

{txt}added scalar:
               e(sd53) =  {res}.55903377

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0635149{col 26}{space 2} .4589564{col 37}{space 1}    0.14{col 46}{space 3}0.890{col 54}{space 4}-.8419789{col 67}{space 3} .9690087
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.06351489

{txt}added scalar:
               e(sd63) =  {res}.45895645

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.507942{col 26}{space 2} .5623635{col 37}{space 1}   -2.68{col 46}{space 3}0.008{col 54}{space 4}-2.617452{col 67}{space 3}-.3984325
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.5079422

{txt}added scalar:
               e(sd54) =  {res}.56236351

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6252552{col 26}{space 2} .4755798{col 37}{space 1}   -1.31{col 46}{space 3}0.190{col 54}{space 4}-1.563546{col 67}{space 3} .3130353
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.62525524

{txt}added scalar:
               e(sd64) =  {res}.47557976

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .882687{col 26}{space 2} .5510973{col 37}{space 1}    1.60{col 46}{space 3}0.111{col 54}{space 4}-.2045953{col 67}{space 3} 1.969969
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.882687

{txt}added scalar:
               e(sd65) =  {res}.55109735

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    17.17166           .   17.17166   17.17166

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    16.41939           .   16.41939   16.41939

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    16.89513           .   16.89513   16.89513

{txt}added scalar:
             e(mean21) =  {res}-.75227171

{txt}added scalar:
             e(mean31) =  {res}-.27652967

{txt}added scalar:
             e(mean32) =  {res}.47574204

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}     3.85
                                                {txt}Prob > F          = {res}    0.0001
                                                {txt}R-squared         = {res}    0.0891
                                                {txt}Root MSE          =    {res} 2.4112

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.113299{col 33}{space 2} .5525795{col 44}{space 1}   -2.01{col 53}{space 3}0.045{col 61}{space 4}-2.203505{col 74}{space 3}-.0230924
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.7205035{col 33}{space 2} .5201382{col 44}{space 1}   -1.39{col 53}{space 3}0.168{col 61}{space 4}-1.746705{col 74}{space 3} .3056982
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .1988197{col 33}{space 2} .5412471{col 44}{space 1}    0.37{col 53}{space 3}0.714{col 61}{space 4}-.8690286{col 74}{space 3} 1.266668
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-1.221491{col 33}{space 2} .6080192{col 44}{space 1}   -2.01{col 53}{space 3}0.046{col 61}{space 4}-2.421076{col 74}{space 3}-.0219048
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.5605907{col 33}{space 2} .5345755{col 44}{space 1}   -1.05{col 53}{space 3}0.296{col 61}{space 4}-1.615276{col 74}{space 3}  .494095
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0066629{col 33}{space 2} .1381859{col 44}{space 1}    0.05{col 53}{space 3}0.962{col 61}{space 4}-.2659696{col 74}{space 3} .2792955
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .4023551{col 33}{space 2} .1921382{col 44}{space 1}    2.09{col 53}{space 3}0.038{col 61}{space 4} .0232778{col 74}{space 3} .7814323
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0199479{col 33}{space 2} .0695986{col 44}{space 1}    0.29{col 53}{space 3}0.775{col 61}{space 4} -.117366{col 74}{space 3} .1572617
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.5425115{col 33}{space 2} .3210938{col 44}{space 1}   -1.69{col 53}{space 3}0.093{col 61}{space 4}-1.176011{col 74}{space 3} .0909876
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .550773{col 33}{space 2}   .16921{col 44}{space 1}    3.25{col 53}{space 3}0.001{col 61}{space 4} .2169316{col 74}{space 3} .8846143
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  13.7846{col 33}{space 2} .7231598{col 44}{space 1}   19.06{col 53}{space 3}0.000{col 61}{space 4} 12.35785{col 74}{space 3} 15.21135
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3927954{col 26}{space 2} .5085122{col 37}{space 1}    0.77{col 46}{space 3}0.441{col 54}{space 4} -.610469{col 67}{space 3}  1.39606
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.39279537

{txt}added scalar:
               e(sd32) =  {res}.5085122

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.312119{col 26}{space 2} .5256596{col 37}{space 1}    2.50{col 46}{space 3}0.013{col 54}{space 4} .2750235{col 67}{space 3} 2.349214
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}1.3121185

{txt}added scalar:
               e(sd42) =  {res}.52565956

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1081917{col 26}{space 2} .5770978{col 37}{space 1}   -0.19{col 46}{space 3}0.851{col 54}{space 4}-1.246771{col 67}{space 3} 1.030388
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}-.1081917

{txt}added scalar:
               e(sd52) =  {res}.57709782

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5527082{col 26}{space 2} .4969105{col 37}{space 1}    1.11{col 46}{space 3}0.267{col 54}{space 4}-.4276666{col 67}{space 3} 1.533083
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.55270819

{txt}added scalar:
               e(sd62) =  {res}.49691046

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9193232{col 26}{space 2} .5098994{col 37}{space 1}    1.80{col 46}{space 3}0.073{col 54}{space 4} -.086678{col 67}{space 3} 1.925324
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}.91932317

{txt}added scalar:
               e(sd43) =  {res}.5098994

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.5009871{col 26}{space 2} .5891887{col 37}{space 1}   -0.85{col 46}{space 3}0.396{col 54}{space 4}-1.663421{col 67}{space 3} .6614472
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}-.50098707

{txt}added scalar:
               e(sd53) =  {res}.58918871

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1599128{col 26}{space 2} .4863324{col 37}{space 1}    0.33{col 46}{space 3}0.743{col 54}{space 4}-.7995921{col 67}{space 3} 1.119418
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.15991282

{txt}added scalar:
               e(sd63) =  {res}.4863324

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.42031{col 26}{space 2} .5856894{col 37}{space 1}   -2.43{col 46}{space 3}0.016{col 54}{space 4}-2.575841{col 67}{space 3}-.2647799
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4203102

{txt}added scalar:
               e(sd54) =  {res}.58568938

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.7594104{col 26}{space 2} .4948522{col 37}{space 1}   -1.53{col 46}{space 3}0.127{col 54}{space 4}-1.735724{col 67}{space 3} .2169036
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-.75941036

{txt}added scalar:
               e(sd64) =  {res}.49485219

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6608999{col 26}{space 2} .5608593{col 37}{space 1}    1.18{col 46}{space 3}0.240{col 54}{space 4}-.4456421{col 67}{space 3} 1.767442
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.66089989

{txt}added scalar:
               e(sd65) =  {res}.56085926

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    18.00326           .   18.00326   18.00326

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    17.17561           .   17.17561   17.17561

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     17.7017           .    17.7017    17.7017

{txt}added scalar:
             e(mean21) =  {res}-.82764683

{txt}added scalar:
             e(mean31) =  {res}-.30155544

{txt}added scalar:
             e(mean32) =  {res}.52609139

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     2.31
                                                {txt}Prob > F          = {res}    0.0152
                                                {txt}R-squared         = {res}    0.1268
                                                {txt}Root MSE          =    {res} 2.1197

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.128463{col 33}{space 2} .6477444{col 44}{space 1}   -1.74{col 53}{space 3}0.084{col 61}{space 4}-2.409169{col 74}{space 3} .1522428
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.5742856{col 33}{space 2} .5943631{col 44}{space 1}   -0.97{col 53}{space 3}0.336{col 61}{space 4}-1.749447{col 74}{space 3} .6008759
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .9362464{col 33}{space 2} .5607241{col 44}{space 1}    1.67{col 53}{space 3}0.097{col 61}{space 4}-.1724048{col 74}{space 3} 2.044898
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.3794613{col 33}{space 2} .5744432{col 44}{space 1}   -0.66{col 53}{space 3}0.510{col 61}{space 4}-1.515238{col 74}{space 3} .7563149
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.3032959{col 33}{space 2} .5417067{col 44}{space 1}   -0.56{col 53}{space 3}0.576{col 61}{space 4}-1.374346{col 74}{space 3} .7677545
{txt}{space 16}crt {c |}{col 21}{res}{space 2} .0063206{col 33}{space 2} .1632266{col 44}{space 1}    0.04{col 53}{space 3}0.969{col 61}{space 4}-.3164074{col 74}{space 3} .3290486
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .3500885{col 33}{space 2} .2603443{col 44}{space 1}    1.34{col 53}{space 3}0.181{col 61}{space 4}-.1646585{col 74}{space 3} .8648356
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0597977{col 33}{space 2} .0745886{col 44}{space 1}   -0.80{col 53}{space 3}0.424{col 61}{space 4}-.2072726{col 74}{space 3} .0876772
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.6593733{col 33}{space 2} .3506077{col 44}{space 1}   -1.88{col 53}{space 3}0.062{col 61}{space 4}-1.352587{col 74}{space 3} .0338405
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .2780638{col 33}{space 2} .2896637{col 44}{space 1}    0.96{col 53}{space 3}0.339{col 61}{space 4}-.2946529{col 74}{space 3} .8507804
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 15.12709{col 33}{space 2}  .771894{col 44}{space 1}   19.60{col 53}{space 3}0.000{col 61}{space 4} 13.60092{col 74}{space 3} 16.65326
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5541773{col 26}{space 2} .6959889{col 37}{space 1}    0.80{col 46}{space 3}0.427{col 54}{space 4}-.8219166{col 67}{space 3} 1.930271
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.55417725

{txt}added scalar:
               e(sd32) =  {res}.69598893

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.064709{col 26}{space 2} .6554096{col 37}{space 1}    3.15{col 46}{space 3}0.002{col 54}{space 4} .7688481{col 67}{space 3}  3.36057
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}2.0647093

{txt}added scalar:
               e(sd42) =  {res}.65540957

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .7490016{col 26}{space 2} .6568259{col 37}{space 1}    1.14{col 46}{space 3}0.256{col 54}{space 4}-.5496599{col 67}{space 3} 2.047663
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.74900155

{txt}added scalar:
               e(sd52) =  {res}.65682588

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .825167{col 26}{space 2} .6081417{col 37}{space 1}    1.36{col 46}{space 3}0.177{col 54}{space 4}-.3772371{col 67}{space 3} 2.027571
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.82516704

{txt}added scalar:
               e(sd62) =  {res}.60814166

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.510532{col 26}{space 2} .6370298{col 37}{space 1}    2.37{col 46}{space 3}0.019{col 54}{space 4} .2510109{col 67}{space 3} 2.770053
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}1.510532

{txt}added scalar:
               e(sd43) =  {res}.6370298

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1948243{col 26}{space 2} .6521655{col 37}{space 1}    0.30{col 46}{space 3}0.766{col 54}{space 4}-1.094623{col 67}{space 3} 1.484271
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.1948243

{txt}added scalar:
               e(sd53) =  {res}.65216546

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2709898{col 26}{space 2} .6116986{col 37}{space 1}    0.44{col 46}{space 3}0.658{col 54}{space 4} -.938447{col 67}{space 3} 1.480427
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.27098978

{txt}added scalar:
               e(sd63) =  {res}.61169858

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.315708{col 26}{space 2} .5563941{col 37}{space 1}   -2.36{col 46}{space 3}0.019{col 54}{space 4}-2.415798{col 67}{space 3}-.2156176
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.3157077

{txt}added scalar:
               e(sd54) =  {res}.55639413

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.239542{col 26}{space 2} .5263942{col 37}{space 1}   -2.35{col 46}{space 3}0.020{col 54}{space 4}-2.280317{col 67}{space 3}-.1987674
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-1.2395422

{txt}added scalar:
               e(sd64) =  {res}.5263942

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0761655{col 26}{space 2}    .5209{col 37}{space 1}    0.15{col 46}{space 3}0.884{col 54}{space 4}-.9537463{col 67}{space 3} 1.106077
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}.07616549

{txt}added scalar:
               e(sd65) =  {res}.52089997

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    18.83308           .   18.83308   18.83308

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    17.92596           .   17.92596   17.92596

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     18.5051           .    18.5051    18.5051

{txt}added scalar:
             e(mean21) =  {res}-.90712442

{txt}added scalar:
             e(mean31) =  {res}-.32798106

{txt}added scalar:
             e(mean32) =  {res}.57914336

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     2.60
                                                {txt}Prob > F          = {res}    0.0064
                                                {txt}R-squared         = {res}    0.1446
                                                {txt}Root MSE          =    {res} 2.2413

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.329567{col 33}{space 2} .6941232{col 44}{space 1}   -1.92{col 53}{space 3}0.057{col 61}{space 4}-2.701972{col 74}{space 3} .0428381
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.7383452{col 33}{space 2} .6319309{col 44}{space 1}   -1.17{col 53}{space 3}0.245{col 61}{space 4}-1.987785{col 74}{space 3} .5110945
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.137337{col 33}{space 2} .6076315{col 44}{space 1}    1.87{col 53}{space 3}0.063{col 61}{space 4}-.0640584{col 74}{space 3} 2.338732
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.2785846{col 33}{space 2} .5950134{col 44}{space 1}   -0.47{col 53}{space 3}0.640{col 61}{space 4}-1.455032{col 74}{space 3} .8978626
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.3806104{col 33}{space 2} .5865496{col 44}{space 1}   -0.65{col 53}{space 3}0.517{col 61}{space 4}-1.540323{col 74}{space 3} .7791023
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0304839{col 33}{space 2} .1716346{col 44}{space 1}   -0.18{col 53}{space 3}0.859{col 61}{space 4} -.369836{col 74}{space 3} .3088683
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .3948948{col 33}{space 2} .2752887{col 44}{space 1}    1.43{col 53}{space 3}0.154{col 61}{space 4}-.1493999{col 74}{space 3} .9391896
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0699952{col 33}{space 2} .0768449{col 44}{space 1}   -0.91{col 53}{space 3}0.364{col 61}{space 4}-.2219312{col 74}{space 3} .0819409
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.7065788{col 33}{space 2} .3665195{col 44}{space 1}   -1.93{col 53}{space 3}0.056{col 61}{space 4}-1.431253{col 74}{space 3} .0180954
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .2129711{col 33}{space 2} .3091184{col 44}{space 1}    0.69{col 53}{space 3}0.492{col 61}{space 4} -.398211{col 74}{space 3} .8241531
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 15.59004{col 33}{space 2} .7980199{col 44}{space 1}   19.54{col 53}{space 3}0.000{col 61}{space 4} 14.01222{col 74}{space 3} 17.16787
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5912217{col 26}{space 2} .7350568{col 37}{space 1}    0.80{col 46}{space 3}0.423{col 54}{space 4}-.8621162{col 67}{space 3}  2.04456
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.59122168

{txt}added scalar:
               e(sd32) =  {res}.73505677

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.466904{col 26}{space 2} .6992398{col 37}{space 1}    3.53{col 46}{space 3}0.001{col 54}{space 4} 1.084382{col 67}{space 3} 3.849425
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}2.4669038

{txt}added scalar:
               e(sd42) =  {res}.6992398

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.050982{col 26}{space 2} .6743622{col 37}{space 1}    1.56{col 46}{space 3}0.121{col 54}{space 4}-.2823517{col 67}{space 3} 2.384316
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1.0509823

{txt}added scalar:
               e(sd52) =  {res}.67436224

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9489565{col 26}{space 2}  .652994{col 37}{space 1}    1.45{col 46}{space 3}0.148{col 54}{space 4}-.3421288{col 67}{space 3} 2.240042
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.94895647

{txt}added scalar:
               e(sd62) =  {res}.65299405

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.875682{col 26}{space 2} .6742719{col 37}{space 1}    2.78{col 46}{space 3}0.006{col 54}{space 4} .5425268{col 67}{space 3} 3.208838
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}1.8756822

{txt}added scalar:
               e(sd43) =  {res}.67427191

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4597606{col 26}{space 2} .6623759{col 37}{space 1}    0.69{col 46}{space 3}0.489{col 54}{space 4}-.8498742{col 67}{space 3} 1.769395
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.45976059

{txt}added scalar:
               e(sd53) =  {res}.66237588

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3577348{col 26}{space 2} .6500193{col 37}{space 1}    0.55{col 46}{space 3}0.583{col 54}{space 4}-.9274689{col 67}{space 3} 1.642938
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.35773479

{txt}added scalar:
               e(sd63) =  {res}.6500193

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.415922{col 26}{space 2} .5771395{col 37}{space 1}   -2.45{col 46}{space 3}0.015{col 54}{space 4}-2.557029{col 67}{space 3}-.2748142
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4159216

{txt}added scalar:
               e(sd54) =  {res}.57713949

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.517947{col 26}{space 2} .5697822{col 37}{space 1}   -2.66{col 46}{space 3}0.009{col 54}{space 4}-2.644508{col 67}{space 3}-.3913866
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-1.5179474

{txt}added scalar:
               e(sd64) =  {res}.56978225

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1020258{col 26}{space 2} .5375145{col 37}{space 1}   -0.19{col 46}{space 3}0.850{col 54}{space 4}-1.164788{col 67}{space 3}  .960736
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.1020258

{txt}added scalar:
               e(sd65) =  {res}.53751453

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    19.66106           .   19.66106   19.66106

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    18.67031           .   18.67031   18.67031

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    19.30528           .   19.30528   19.30528

{txt}added scalar:
             e(mean21) =  {res}-.99074573

{txt}added scalar:
             e(mean31) =  {res}-.35578106

{txt}added scalar:
             e(mean32) =  {res}.63496467

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     2.96
                                                {txt}Prob > F          = {res}    0.0021
                                                {txt}R-squared         = {res}    0.1620
                                                {txt}Root MSE          =    {res} 2.3926

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.526913{col 33}{space 2} .7449677{col 44}{space 1}   -2.05{col 53}{space 3}0.042{col 61}{space 4}-2.999847{col 74}{space 3}-.0539795
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-.8891345{col 33}{space 2} .6758456{col 44}{space 1}   -1.32{col 53}{space 3}0.190{col 61}{space 4}-2.225401{col 74}{space 3} .4471323
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.311442{col 33}{space 2} .6656692{col 44}{space 1}    1.97{col 53}{space 3}0.051{col 61}{space 4}-.0047043{col 74}{space 3} 2.627588
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}-.1233376{col 33}{space 2} .6344769{col 44}{space 1}   -0.19{col 53}{space 3}0.846{col 61}{space 4}-1.377811{col 74}{space 3} 1.131136
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.4747012{col 33}{space 2} .6320168{col 44}{space 1}   -0.75{col 53}{space 3}0.454{col 61}{space 4}-1.724311{col 74}{space 3} .7749083
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0774324{col 33}{space 2} .1822354{col 44}{space 1}   -0.42{col 53}{space 3}0.672{col 61}{space 4}-.4377443{col 74}{space 3} .2828794
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .4334906{col 33}{space 2} .2917382{col 44}{space 1}    1.49{col 53}{space 3}0.140{col 61}{space 4}-.1433278{col 74}{space 3} 1.010309
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0900466{col 33}{space 2} .0804745{col 44}{space 1}   -1.12{col 53}{space 3}0.265{col 61}{space 4}-.2491591{col 74}{space 3} .0690658
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.7903119{col 33}{space 2} .3892976{col 44}{space 1}   -2.03{col 53}{space 3}0.044{col 61}{space 4}-1.560022{col 74}{space 3}-.0206014
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1905305{col 33}{space 2} .3337698{col 44}{space 1}    0.57{col 53}{space 3}0.569{col 61}{space 4}-.4693917{col 74}{space 3} .8504527
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 16.13744{col 33}{space 2} .8467314{col 44}{space 1}   19.06{col 53}{space 3}0.000{col 61}{space 4}  14.4633{col 74}{space 3} 17.81158
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6377787{col 26}{space 2} .7786214{col 37}{space 1}    0.82{col 46}{space 3}0.414{col 54}{space 4}-.9016942{col 67}{space 3} 2.177252
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.63777867

{txt}added scalar:
               e(sd32) =  {res}.7786214

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.838355{col 26}{space 2} .7520123{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} 1.351493{col 67}{space 3} 4.325217
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}2.8383552

{txt}added scalar:
               e(sd42) =  {res}.75201233

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.403576{col 26}{space 2} .7085401{col 37}{space 1}    1.98{col 46}{space 3}0.050{col 54}{space 4} .0026658{col 67}{space 3} 2.804485
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1.4035756

{txt}added scalar:
               e(sd52) =  {res}.70854015

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.052212{col 26}{space 2} .6987921{col 37}{space 1}    1.51{col 46}{space 3}0.134{col 54}{space 4}-.3294241{col 67}{space 3} 2.433848
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.052212

{txt}added scalar:
               e(sd62) =  {res}.69879206

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.200577{col 26}{space 2} .7216763{col 37}{space 1}    3.05{col 46}{space 3}0.003{col 54}{space 4} .7736941{col 67}{space 3} 3.627459
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}2.2005765

{txt}added scalar:
               e(sd43) =  {res}.72167634

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .7657969{col 26}{space 2} .6854291{col 37}{space 1}    1.12{col 46}{space 3}0.266{col 54}{space 4}-.5894182{col 67}{space 3} 2.121012
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.76579695

{txt}added scalar:
               e(sd53) =  {res}.68542909

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4144333{col 26}{space 2} .6893538{col 37}{space 1}    0.60{col 46}{space 3}0.549{col 54}{space 4}-.9485417{col 67}{space 3} 1.777408
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.41443329

{txt}added scalar:
               e(sd63) =  {res}.68935381

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.43478{col 26}{space 2} .6225127{col 37}{space 1}   -2.30{col 46}{space 3}0.023{col 54}{space 4}-2.665598{col 67}{space 3}-.2039613
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4347796

{txt}added scalar:
               e(sd54) =  {res}.62251272

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.786143{col 26}{space 2} .6186812{col 37}{space 1}   -2.89{col 46}{space 3}0.005{col 54}{space 4}-3.009386{col 67}{space 3}-.5629005
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-1.7861432

{txt}added scalar:
               e(sd64) =  {res}.61868123

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.3513637{col 26}{space 2}  .569913{col 37}{space 1}   -0.62{col 46}{space 3}0.539{col 54}{space 4}-1.478183{col 67}{space 3} .7754555
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.35136366

{txt}added scalar:
               e(sd65) =  {res}.56991296

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    20.48715           .   20.48715   20.48715

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     19.4085           .    19.4085    19.4085

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    20.10217           .   20.10217   20.10217

{txt}added scalar:
             e(mean21) =  {res}-1.0786478

{txt}added scalar:
             e(mean31) =  {res}-.38497812

{txt}added scalar:
             e(mean32) =  {res}.69366968

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.37
                                                {txt}Prob > F          = {res}    0.0006
                                                {txt}R-squared         = {res}    0.1772
                                                {txt}Root MSE          =    {res} 2.5624

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.718805{col 33}{space 2} .8010748{col 44}{space 1}   -2.15{col 53}{space 3}0.034{col 61}{space 4}-3.302672{col 74}{space 3}-.1349376
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.049573{col 33}{space 2} .7236967{col 44}{space 1}   -1.45{col 53}{space 3}0.149{col 61}{space 4} -2.48045{col 74}{space 3} .3813044
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.473514{col 33}{space 2} .7336111{col 44}{space 1}    2.01{col 53}{space 3}0.047{col 61}{space 4} .0230343{col 74}{space 3} 2.923993
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0469316{col 33}{space 2} .6902949{col 44}{space 1}    0.07{col 53}{space 3}0.946{col 61}{space 4}-1.317904{col 74}{space 3} 1.411767
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.5961363{col 33}{space 2} .6819817{col 44}{space 1}   -0.87{col 53}{space 3}0.384{col 61}{space 4}-1.944535{col 74}{space 3} .7522626
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.1174151{col 33}{space 2} .1939622{col 44}{space 1}   -0.61{col 53}{space 3}0.546{col 61}{space 4}-.5009128{col 74}{space 3} .2660826
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .4704894{col 33}{space 2} .3085919{col 44}{space 1}    1.52{col 53}{space 3}0.130{col 61}{space 4}-.1396515{col 74}{space 3}  1.08063
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.1045681{col 33}{space 2} .0841091{col 44}{space 1}   -1.24{col 53}{space 3}0.216{col 61}{space 4}-.2708667{col 74}{space 3} .0617305
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.8782671{col 33}{space 2} .4175948{col 44}{space 1}   -2.10{col 53}{space 3}0.037{col 61}{space 4}-1.703926{col 74}{space 3}-.0526079
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1538271{col 33}{space 2}  .361234{col 44}{space 1}    0.43{col 53}{space 3}0.671{col 61}{space 4}-.5603966{col 74}{space 3} .8680509
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 16.63858{col 33}{space 2} .9052047{col 44}{space 1}   18.38{col 53}{space 3}0.000{col 61}{space 4} 14.84883{col 74}{space 3} 18.42833
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6692323{col 26}{space 2} .8213424{col 37}{space 1}    0.81{col 46}{space 3}0.417{col 54}{space 4}-.9547076{col 67}{space 3} 2.293172
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.66923227

{txt}added scalar:
               e(sd32) =  {res}.82134241

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.192319{col 26}{space 2} .8098701{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} 1.591062{col 67}{space 3} 4.793576
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}3.1923186

{txt}added scalar:
               e(sd42) =  {res}.80987009

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.765736{col 26}{space 2} .7554594{col 37}{space 1}    2.34{col 46}{space 3}0.021{col 54}{space 4}  .272059{col 67}{space 3} 3.259414
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1.7657365

{txt}added scalar:
               e(sd52) =  {res}.7554594

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.122669{col 26}{space 2} .7459954{col 37}{space 1}    1.50{col 46}{space 3}0.135{col 54}{space 4}-.3522969{col 67}{space 3} 2.597634
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.1226686

{txt}added scalar:
               e(sd62) =  {res}.74599541

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.523086{col 26}{space 2} .7708271{col 37}{space 1}    3.27{col 46}{space 3}0.001{col 54}{space 4} .9990241{col 67}{space 3} 4.047149
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}2.5230864

{txt}added scalar:
               e(sd43) =  {res}.77082712

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.096504{col 26}{space 2} .7138516{col 37}{space 1}    1.54{col 46}{space 3}0.127{col 54}{space 4}-.3149072{col 67}{space 3} 2.507916
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1.0965042

{txt}added scalar:
               e(sd53) =  {res}.71385155

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4534363{col 26}{space 2} .7262722{col 37}{space 1}    0.62{col 46}{space 3}0.533{col 54}{space 4} -.982533{col 67}{space 3} 1.889406
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.45343632

{txt}added scalar:
               e(sd63) =  {res}.72627224

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.426582{col 26}{space 2} .6817216{col 37}{space 1}   -2.09{col 46}{space 3}0.038{col 54}{space 4}-2.774467{col 67}{space 3}-.0786974
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4265821

{txt}added scalar:
               e(sd54) =  {res}.68172158

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -2.06965{col 26}{space 2} .6728116{col 37}{space 1}   -3.08{col 46}{space 3}0.003{col 54}{space 4}-3.399918{col 67}{space 3}-.7393818
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2.06965

{txt}added scalar:
               e(sd64) =  {res}.67281164

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.6430679{col 26}{space 2} .6146004{col 37}{space 1}   -1.05{col 46}{space 3}0.297{col 54}{space 4}-1.858242{col 67}{space 3} .5721064
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.64306788

{txt}added scalar:
               e(sd65) =  {res}.61460045

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    21.31141           .   21.31141   21.31141

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    20.14039           .   20.14039   20.14039

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    20.89574           .   20.89574   20.89574

{txt}added scalar:
             e(mean21) =  {res}-1.17102

{txt}added scalar:
             e(mean31) =  {res}-.41567724

{txt}added scalar:
             e(mean32) =  {res}.75534275

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     3.72
                                                {txt}Prob > F          = {res}    0.0002
                                                {txt}R-squared         = {res}    0.1868
                                                {txt}Root MSE          =    {res} 2.7664

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-1.920054{col 33}{space 2}  .861533{col 44}{space 1}   -2.23{col 53}{space 3}0.027{col 61}{space 4}-3.623458{col 74}{space 3}-.2166499
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.218568{col 33}{space 2} .7807767{col 44}{space 1}   -1.56{col 53}{space 3}0.121{col 61}{space 4}-2.762303{col 74}{space 3} .3251661
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.608345{col 33}{space 2} .8108731{col 44}{space 1}    1.98{col 53}{space 3}0.049{col 61}{space 4} .0051043{col 74}{space 3} 3.211585
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .2004128{col 33}{space 2} .7655612{col 44}{space 1}    0.26{col 53}{space 3}0.794{col 61}{space 4}-1.313238{col 74}{space 3} 1.714063
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.7231001{col 33}{space 2} .7452599{col 44}{space 1}   -0.97{col 53}{space 3}0.334{col 61}{space 4}-2.196611{col 74}{space 3} .7504112
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.1602758{col 33}{space 2}  .208647{col 44}{space 1}   -0.77{col 53}{space 3}0.444{col 61}{space 4} -.572808{col 74}{space 3} .2522565
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .5117439{col 33}{space 2} .3292648{col 44}{space 1}    1.55{col 53}{space 3}0.122{col 61}{space 4}-.1392711{col 74}{space 3} 1.162759
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.1172701{col 33}{space 2} .0890584{col 44}{space 1}   -1.32{col 53}{space 3}0.190{col 61}{space 4}-.2933544{col 74}{space 3} .0588142
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.9502951{col 33}{space 2} .4520269{col 44}{space 1}   -2.10{col 53}{space 3}0.037{col 61}{space 4}-1.844033{col 74}{space 3}-.0565575
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .1105496{col 33}{space 2} .3926114{col 44}{space 1}    0.28{col 53}{space 3}0.779{col 61}{space 4}-.6657129{col 74}{space 3} .8868121
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}  17.1209{col 33}{space 2} .9849502{col 44}{space 1}   17.38{col 53}{space 3}0.000{col 61}{space 4} 15.17348{col 74}{space 3} 19.06832
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .7014856{col 26}{space 2} .8651957{col 37}{space 1}    0.81{col 46}{space 3}0.419{col 54}{space 4} -1.00916{col 67}{space 3} 2.412131
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.70148564

{txt}added scalar:
               e(sd32) =  {res}.86519566

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.528398{col 26}{space 2} .8695038{col 37}{space 1}    4.06{col 46}{space 3}0.000{col 54}{space 4} 1.809235{col 67}{space 3} 5.247562
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}3.5283984

{txt}added scalar:
               e(sd42) =  {res}.86950383

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.120467{col 26}{space 2} .8122557{col 37}{space 1}    2.61{col 46}{space 3}0.010{col 54}{space 4} .5144929{col 67}{space 3}  3.72644
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}2.1204667

{txt}added scalar:
               e(sd52) =  {res}.81225565

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.196954{col 26}{space 2} .7974796{col 37}{space 1}    1.50{col 46}{space 3}0.136{col 54}{space 4}-.3798051{col 67}{space 3} 2.773713
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.1969538

{txt}added scalar:
               e(sd62) =  {res}.7974796

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.826913{col 26}{space 2} .8240586{col 37}{space 1}    3.43{col 46}{space 3}0.001{col 54}{space 4} 1.197602{col 67}{space 3} 4.456223
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}2.8269127

{txt}added scalar:
               e(sd43) =  {res}.82405863

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.418981{col 26}{space 2} .7561567{col 37}{space 1}    1.88{col 46}{space 3}0.063{col 54}{space 4}-.0760751{col 67}{space 3} 2.914037
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1.4189811

{txt}added scalar:
               e(sd53) =  {res}.75615667

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4954681{col 26}{space 2} .7712611{col 37}{space 1}    0.64{col 46}{space 3}0.522{col 54}{space 4}-1.029452{col 67}{space 3} 2.020388
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.49546812

{txt}added scalar:
               e(sd63) =  {res}.7712611

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.407932{col 26}{space 2}  .755027{col 37}{space 1}   -1.86{col 46}{space 3}0.064{col 54}{space 4}-2.900754{col 67}{space 3} .0848908
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4079317

{txt}added scalar:
               e(sd54) =  {res}.75502697

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.331445{col 26}{space 2} .7365712{col 37}{space 1}   -3.17{col 46}{space 3}0.002{col 54}{space 4}-3.787777{col 67}{space 3}-.8751125
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2.3314446

{txt}added scalar:
               e(sd64) =  {res}.73657116

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.9235129{col 26}{space 2} .6784751{col 37}{space 1}   -1.36{col 46}{space 3}0.176{col 54}{space 4}-2.264979{col 67}{space 3} .4179529
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.92351294

{txt}added scalar:
               e(sd65) =  {res}.67847511

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    22.13387           .   22.13387   22.13387

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    20.86582           .   20.86582   20.86582

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    21.68591           .   21.68591   21.68591

{txt}added scalar:
             e(mean21) =  {res}-1.2680481

{txt}added scalar:
             e(mean31) =  {res}-.44795669

{txt}added scalar:
             e(mean32) =  {res}.82009138

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     4.02
                                                {txt}Prob > F          = {res}    0.0001
                                                {txt}R-squared         = {res}    0.1930
                                                {txt}Root MSE          =    {res} 2.9854

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} -2.12377{col 33}{space 2} .9243289{col 44}{space 1}   -2.30{col 53}{space 3}0.023{col 61}{space 4}-3.951333{col 74}{space 3}-.2962077
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.358411{col 33}{space 2} .8419273{col 44}{space 1}   -1.61{col 53}{space 3}0.109{col 61}{space 4}-3.023051{col 74}{space 3} .3062293
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.712872{col 33}{space 2} .8907804{col 44}{space 1}    1.92{col 53}{space 3}0.057{col 61}{space 4}-.0483592{col 74}{space 3} 3.474103
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .3110585{col 33}{space 2} .8486184{col 44}{space 1}    0.37{col 53}{space 3}0.715{col 61}{space 4}-1.366811{col 74}{space 3} 1.988928
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-.8537071{col 33}{space 2} .8130871{col 44}{space 1}   -1.05{col 53}{space 3}0.296{col 61}{space 4}-2.461325{col 74}{space 3} .7539105
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.2012928{col 33}{space 2} .2235521{col 44}{space 1}   -0.90{col 53}{space 3}0.369{col 61}{space 4}-.6432949{col 74}{space 3} .2407094
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .5648551{col 33}{space 2} .3483242{col 44}{space 1}    1.62{col 53}{space 3}0.107{col 61}{space 4}-.1238438{col 74}{space 3} 1.253554
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} -.131845{col 33}{space 2} .0942516{col 44}{space 1}   -1.40{col 53}{space 3}0.164{col 61}{space 4}-.3181972{col 74}{space 3} .0545071
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.042918{col 33}{space 2} .4903509{col 44}{space 1}   -2.13{col 53}{space 3}0.035{col 61}{space 4}-2.012429{col 74}{space 3}-.0734076
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .097762{col 33}{space 2} .4262012{col 44}{space 1}    0.23{col 53}{space 3}0.819{col 61}{space 4}-.7449135{col 74}{space 3} .9404375
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 17.56285{col 33}{space 2} 1.071599{col 44}{space 1}   16.39{col 53}{space 3}0.000{col 61}{space 4} 15.44411{col 74}{space 3} 19.68159
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .7653596{col 26}{space 2} .9099903{col 37}{space 1}    0.84{col 46}{space 3}0.402{col 54}{space 4}-1.033853{col 67}{space 3} 2.564572
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.76535959

{txt}added scalar:
               e(sd32) =  {res}.90999029

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.836642{col 26}{space 2} .9320384{col 37}{space 1}    4.12{col 46}{space 3}0.000{col 54}{space 4} 1.993837{col 67}{space 3} 5.679448
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}3.8366423

{txt}added scalar:
               e(sd42) =  {res}.9320384

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.434829{col 26}{space 2} .8759763{col 37}{space 1}    2.78{col 46}{space 3}0.006{col 54}{space 4} .7028679{col 67}{space 3}  4.16679
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}2.4348288

{txt}added scalar:
               e(sd52) =  {res}.87597632

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.270063{col 26}{space 2} .8511068{col 37}{space 1}    1.49{col 46}{space 3}0.138{col 54}{space 4}-.4127263{col 67}{space 3} 2.952853
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.2700631

{txt}added scalar:
               e(sd62) =  {res}.85110681

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.071283{col 26}{space 2}  .878968{col 37}{space 1}    3.49{col 46}{space 3}0.001{col 54}{space 4} 1.333407{col 67}{space 3} 4.809159
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}3.0712827

{txt}added scalar:
               e(sd43) =  {res}.87896802

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.669469{col 26}{space 2} .8052143{col 37}{space 1}    2.07{col 46}{space 3}0.040{col 54}{space 4} .0774174{col 67}{space 3} 3.261521
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1.6694692

{txt}added scalar:
               e(sd53) =  {res}.80521429

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5047035{col 26}{space 2} .8187762{col 37}{space 1}    0.62{col 46}{space 3}0.539{col 54}{space 4}-1.114162{col 67}{space 3}  2.12357
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.50470355

{txt}added scalar:
               e(sd63) =  {res}.81877617

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.401814{col 26}{space 2} .8354516{col 37}{space 1}   -1.68{col 46}{space 3}0.096{col 54}{space 4} -3.05365{col 67}{space 3} .2500228
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4018135

{txt}added scalar:
               e(sd54) =  {res}.83545162

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.566579{col 26}{space 2} .8046431{col 37}{space 1}   -3.19{col 46}{space 3}0.002{col 54}{space 4}-4.157502{col 67}{space 3}-.9756568
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2.5665792

{txt}added scalar:
               e(sd64) =  {res}.80464307

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.164766{col 26}{space 2} .7517079{col 37}{space 1}   -1.55{col 46}{space 3}0.124{col 54}{space 4}-2.651026{col 67}{space 3} .3214945
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.1647656

{txt}added scalar:
               e(sd65) =  {res}.75170788

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    22.95457           .   22.95457   22.95457

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    21.58465           .   21.58465   21.58465

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    22.47266           .   22.47266   22.47266

{txt}added scalar:
             e(mean21) =  {res}-1.3699178

{txt}added scalar:
             e(mean31) =  {res}-.48191615

{txt}added scalar:
             e(mean32) =  {res}.88800165

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     4.27
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1982
                                                {txt}Root MSE          =    {res} 3.2124

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-2.324302{col 33}{space 2} .9903878{col 44}{space 1}   -2.35{col 53}{space 3}0.020{col 61}{space 4}-4.282475{col 74}{space 3}-.3661298
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.507183{col 33}{space 2}  .902404{col 44}{space 1}   -1.67{col 53}{space 3}0.097{col 61}{space 4}-3.291396{col 74}{space 3} .2770301
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.842014{col 33}{space 2} .9777532{col 44}{space 1}    1.88{col 53}{space 3}0.062{col 61}{space 4}-.0911779{col 74}{space 3} 3.775206
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}  .417917{col 33}{space 2} .9338302{col 44}{space 1}    0.45{col 53}{space 3}0.655{col 61}{space 4}-1.428431{col 74}{space 3} 2.264265
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} -.953651{col 33}{space 2} .8879157{col 44}{space 1}   -1.07{col 53}{space 3}0.285{col 61}{space 4}-2.709218{col 74}{space 3} .8019163
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.2563154{col 33}{space 2}  .238184{col 44}{space 1}   -1.08{col 53}{space 3}0.284{col 61}{space 4}-.7272475{col 74}{space 3} .2146166
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .6216802{col 33}{space 2} .3686905{col 44}{space 1}    1.69{col 53}{space 3}0.094{col 61}{space 4}-.1072865{col 74}{space 3} 1.350647
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.1391811{col 33}{space 2} .0990899{col 44}{space 1}   -1.40{col 53}{space 3}0.162{col 61}{space 4}-.3350995{col 74}{space 3} .0567374
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.148053{col 33}{space 2} .5282774{col 44}{space 1}   -2.17{col 53}{space 3}0.031{col 61}{space 4}-2.192551{col 74}{space 3}-.1035549
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0724991{col 33}{space 2}  .461238{col 44}{space 1}    0.16{col 53}{space 3}0.875{col 61}{space 4}-.8394503{col 74}{space 3} .9844485
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 17.98245{col 33}{space 2} 1.159036{col 44}{space 1}   15.52{col 53}{space 3}0.000{col 61}{space 4} 15.69083{col 74}{space 3} 20.27407
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8171195{col 26}{space 2} .9497267{col 37}{space 1}    0.86{col 46}{space 3}0.391{col 54}{space 4}-1.060659{col 67}{space 3} 2.694898
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.81711949

{txt}added scalar:
               e(sd32) =  {res}.94972672

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.166316{col 26}{space 2} .9972121{col 37}{space 1}    4.18{col 46}{space 3}0.000{col 54}{space 4} 2.194651{col 67}{space 3} 6.137982
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}4.1663162

{txt}added scalar:
               e(sd42) =  {res}.99721212

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.742219{col 26}{space 2} .9401859{col 37}{space 1}    2.92{col 46}{space 3}0.004{col 54}{space 4} .8833048{col 67}{space 3} 4.601134
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}2.7422194

{txt}added scalar:
               e(sd52) =  {res}.94018589

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.370651{col 26}{space 2} .9087141{col 37}{space 1}    1.51{col 46}{space 3}0.134{col 54}{space 4}-.4260378{col 67}{space 3} 3.167341
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.3706515

{txt}added scalar:
               e(sd62) =  {res}.90871409

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.349197{col 26}{space 2} .9336573{col 37}{space 1}    3.59{col 46}{space 3}0.000{col 54}{space 4}  1.50319{col 67}{space 3} 5.195203
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}3.3491968

{txt}added scalar:
               e(sd43) =  {res}.93365727

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}   1.9251{col 26}{space 2} .8510844{col 37}{space 1}    2.26{col 46}{space 3}0.025{col 54}{space 4} .2423548{col 67}{space 3} 3.607845
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}1.9250999

{txt}added scalar:
               e(sd53) =  {res}.8510844

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .553532{col 26}{space 2} .8660209{col 37}{space 1}    0.64{col 46}{space 3}0.524{col 54}{space 4}-1.158745{col 67}{space 3} 2.265809
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.55353196

{txt}added scalar:
               e(sd63) =  {res}.86602086

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.424097{col 26}{space 2} .9169742{col 37}{space 1}   -1.55{col 46}{space 3}0.123{col 54}{space 4}-3.237118{col 67}{space 3} .3889242
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4240968

{txt}added scalar:
               e(sd54) =  {res}.91697422

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.795665{col 26}{space 2}  .879515{col 37}{space 1}   -3.18{col 46}{space 3}0.002{col 54}{space 4}-4.534622{col 67}{space 3}-1.056707
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-2.7956648

{txt}added scalar:
               e(sd64) =  {res}.87951502

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.371568{col 26}{space 2} .8264639{col 37}{space 1}   -1.66{col 46}{space 3}0.099{col 54}{space 4}-3.005634{col 67}{space 3} .2624981
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.371568

{txt}added scalar:
               e(sd65) =  {res}.82646395

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    23.77354           .   23.77354   23.77354

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    22.29671           .   22.29671   22.29671

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1     23.2559           .    23.2559    23.2559

{txt}added scalar:
             e(mean21) =  {res}-1.4768301

{txt}added scalar:
             e(mean31) =  {res}-.51763982

{txt}added scalar:
             e(mean32) =  {res}.95919025

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     4.48
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2017
                                                {txt}Root MSE          =    {res} 3.4397

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-2.566843{col 33}{space 2} 1.053566{col 44}{space 1}   -2.44{col 53}{space 3}0.016{col 61}{space 4} -4.64993{col 74}{space 3}-.4837556
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.675208{col 33}{space 2} .9665652{col 44}{space 1}   -1.73{col 53}{space 3}0.085{col 61}{space 4}-3.586279{col 74}{space 3} .2358633
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.910302{col 33}{space 2}  1.06803{col 44}{space 1}    1.79{col 53}{space 3}0.076{col 61}{space 4}-.2013838{col 74}{space 3} 4.021988
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .4908406{col 33}{space 2} 1.024072{col 44}{space 1}    0.48{col 53}{space 3}0.632{col 61}{space 4}-1.533931{col 74}{space 3} 2.515612
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-1.092207{col 33}{space 2} .9642706{col 44}{space 1}   -1.13{col 53}{space 3}0.259{col 61}{space 4}-2.998742{col 74}{space 3}  .814327
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.3149473{col 33}{space 2} .2540557{col 44}{space 1}   -1.24{col 53}{space 3}0.217{col 61}{space 4}-.8172606{col 74}{space 3}  .187366
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .6863544{col 33}{space 2} .3884645{col 44}{space 1}    1.77{col 53}{space 3}0.079{col 61}{space 4} -.081709{col 74}{space 3} 1.454418
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.1434234{col 33}{space 2} .1046992{col 44}{space 1}   -1.37{col 53}{space 3}0.173{col 61}{space 4}-.3504323{col 74}{space 3} .0635854
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.237863{col 33}{space 2} .5679088{col 44}{space 1}   -2.18{col 53}{space 3}0.031{col 61}{space 4} -2.36072{col 74}{space 3}-.1150064
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0383401{col 33}{space 2} .4973214{col 44}{space 1}    0.08{col 53}{space 3}0.939{col 61}{space 4}-.9449527{col 74}{space 3} 1.021633
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 18.38102{col 33}{space 2} 1.254732{col 44}{space 1}   14.65{col 53}{space 3}0.000{col 61}{space 4} 15.90019{col 74}{space 3} 20.86185
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .8916349{col 26}{space 2} .9882217{col 37}{space 1}    0.90{col 46}{space 3}0.368{col 54}{space 4}-1.062255{col 67}{space 3} 2.845525
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.8916349

{txt}added scalar:
               e(sd32) =  {res}.98822168

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.477145{col 26}{space 2} 1.061637{col 37}{space 1}    4.22{col 46}{space 3}0.000{col 54}{space 4}   2.3781{col 67}{space 3}  6.57619
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}4.477145

{txt}added scalar:
               e(sd42) =  {res}1.0616371

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.057683{col 26}{space 2} 1.005044{col 37}{space 1}    3.04{col 46}{space 3}0.003{col 54}{space 4} 1.070533{col 67}{space 3} 5.044834
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}3.0576834

{txt}added scalar:
               e(sd52) =  {res}1.0050438

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.474635{col 26}{space 2}  .961575{col 37}{space 1}    1.53{col 46}{space 3}0.127{col 54}{space 4}-.4265693{col 67}{space 3}  3.37584
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.4746355

{txt}added scalar:
               e(sd62) =  {res}.96157505

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  3.58551{col 26}{space 2} .9910031{col 37}{space 1}    3.62{col 46}{space 3}0.000{col 54}{space 4} 1.626121{col 67}{space 3} 5.544899
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}3.5855101

{txt}added scalar:
               e(sd43) =  {res}.99100308

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.166049{col 26}{space 2} .9025276{col 37}{space 1}    2.40{col 46}{space 3}0.018{col 54}{space 4} .3815911{col 67}{space 3} 3.950506
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}2.1660485

{txt}added scalar:
               e(sd53) =  {res}.90252759

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .5830006{col 26}{space 2} .9148666{col 37}{space 1}    0.64{col 46}{space 3}0.525{col 54}{space 4}-1.225853{col 67}{space 3} 2.391854
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.58300059

{txt}added scalar:
               e(sd63) =  {res}.91486658

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.419462{col 26}{space 2} 1.004109{col 37}{space 1}   -1.41{col 46}{space 3}0.160{col 54}{space 4}-3.404763{col 67}{space 3} .5658403
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4194616

{txt}added scalar:
               e(sd54) =  {res}1.0041089

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -3.00251{col 26}{space 2} .9568235{col 37}{space 1}   -3.14{col 46}{space 3}0.002{col 54}{space 4} -4.89432{col 67}{space 3}-1.110699
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-3.0025095

{txt}added scalar:
               e(sd64) =  {res}.9568235

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.583048{col 26}{space 2} .9046423{col 37}{space 1}   -1.75{col 46}{space 3}0.082{col 54}{space 4}-3.371686{col 67}{space 3} .2055906
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.583048

{txt}added scalar:
               e(sd65) =  {res}.90464226

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    24.59078           .   24.59078   24.59078

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    23.00185           .   23.00185   23.00185

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    24.03559           .   24.03559   24.03559

{txt}added scalar:
             e(mean21) =  {res}-1.5889257

{txt}added scalar:
             e(mean31) =  {res}-.55518839

{txt}added scalar:
             e(mean32) =  {res}1.0337373

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     4.60
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2041
                                                {txt}Root MSE          =    {res} 3.6744

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-2.854696{col 33}{space 2} 1.111735{col 44}{space 1}   -2.57{col 53}{space 3}0.011{col 61}{space 4}-5.052794{col 74}{space 3}-.6565979
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-1.873928{col 33}{space 2} 1.029831{col 44}{space 1}   -1.82{col 53}{space 3}0.071{col 61}{space 4}-3.910088{col 74}{space 3} .1622312
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.952379{col 33}{space 2} 1.159022{col 44}{space 1}    1.68{col 53}{space 3}0.094{col 61}{space 4}-.3392132{col 74}{space 3}  4.24397
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .5167937{col 33}{space 2} 1.112632{col 44}{space 1}    0.46{col 53}{space 3}0.643{col 61}{space 4}-1.683078{col 74}{space 3} 2.716665
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-1.272066{col 33}{space 2} 1.037394{col 44}{space 1}   -1.23{col 53}{space 3}0.222{col 61}{space 4}-3.323179{col 74}{space 3} .7790471
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.3737272{col 33}{space 2} .2707464{col 44}{space 1}   -1.38{col 53}{space 3}0.170{col 61}{space 4}-.9090409{col 74}{space 3} .1615865
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .7525082{col 33}{space 2} .4097871{col 44}{space 1}    1.84{col 53}{space 3}0.068{col 61}{space 4}-.0577138{col 74}{space 3}  1.56273
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.1420415{col 33}{space 2} .1105748{col 44}{space 1}   -1.28{col 53}{space 3}0.201{col 61}{space 4}-.3606675{col 74}{space 3} .0765844
{txt}{space 13}female {c |}{col 21}{res}{space 2}-1.319221{col 33}{space 2} .6112255{col 44}{space 1}   -2.16{col 53}{space 3}0.033{col 61}{space 4}-2.527722{col 74}{space 3}-.1107194
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0152168{col 33}{space 2} .5346375{col 44}{space 1}    0.03{col 53}{space 3}0.977{col 61}{space 4}-1.041857{col 74}{space 3}  1.07229
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 18.76365{col 33}{space 2} 1.358259{col 44}{space 1}   13.81{col 53}{space 3}0.000{col 61}{space 4} 16.07813{col 74}{space 3} 21.44917
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .9807675{col 26}{space 2} 1.030663{col 37}{space 1}    0.95{col 46}{space 3}0.343{col 54}{space 4}-1.057036{col 67}{space 3} 3.018571
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}.98076751

{txt}added scalar:
               e(sd32) =  {res}1.0306626

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.807074{col 26}{space 2} 1.130263{col 37}{space 1}    4.25{col 46}{space 3}0.000{col 54}{space 4} 2.572344{col 67}{space 3} 7.041805
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}4.8070744

{txt}added scalar:
               e(sd42) =  {res}1.1302626

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.371489{col 26}{space 2} 1.075012{col 37}{space 1}    3.14{col 46}{space 3}0.002{col 54}{space 4} 1.245999{col 67}{space 3}  5.49698
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}3.3714895

{txt}added scalar:
               e(sd52) =  {res}1.0750122

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.58263{col 26}{space 2} 1.018728{col 37}{space 1}    1.55{col 46}{space 3}0.123{col 54}{space 4}-.4315769{col 67}{space 3} 3.596836
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.5826297

{txt}added scalar:
               e(sd62) =  {res}1.0187281

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.826307{col 26}{space 2} 1.055023{col 37}{space 1}    3.63{col 46}{space 3}0.000{col 54}{space 4} 1.740338{col 67}{space 3} 5.912276
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}3.8263069

{txt}added scalar:
               e(sd43) =  {res}1.0550234

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.390722{col 26}{space 2} .9599419{col 37}{space 1}    2.49{col 46}{space 3}0.014{col 54}{space 4} .4927461{col 67}{space 3} 4.288698
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}2.390722

{txt}added scalar:
               e(sd53) =  {res}.95994194

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6018621{col 26}{space 2} .9696277{col 37}{space 1}    0.62{col 46}{space 3}0.536{col 54}{space 4}-1.315264{col 67}{space 3} 2.518988
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.60186214

{txt}added scalar:
               e(sd63) =  {res}.9696277

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.435585{col 26}{space 2} 1.097392{col 37}{space 1}   -1.31{col 46}{space 3}0.193{col 54}{space 4}-3.605323{col 67}{space 3} .7341535
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.435585

{txt}added scalar:
               e(sd54) =  {res}1.0973917

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.224445{col 26}{space 2} 1.039574{col 37}{space 1}   -3.10{col 46}{space 3}0.002{col 54}{space 4}-5.279867{col 67}{space 3}-1.169023
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-3.2244448

{txt}added scalar:
               e(sd64) =  {res}1.0395737

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.78886{col 26}{space 2} .9890503{col 37}{space 1}   -1.81{col 46}{space 3}0.073{col 54}{space 4}-3.744388{col 67}{space 3} .1666683
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.7888598

{txt}added scalar:
               e(sd65) =  {res}.98905027

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    25.40621           .   25.40621   25.40621

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    23.69989           .   23.69989   23.69989

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    24.81167           .   24.81167   24.81167

{txt}added scalar:
             e(mean21) =  {res}-1.7063233

{txt}added scalar:
             e(mean31) =  {res}-.59454641

{txt}added scalar:
             e(mean32) =  {res}1.1117768

{txt}Linear regression                               Number of obs     = {res}       180
                                                {txt}F(10, 139)        =  {res}     4.67
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2048
                                                {txt}Root MSE          =    {res} 3.9168

{txt}{ralign 85:(Std. Err. adjusted for {res:140} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1} playertotal_payoff{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2}-3.133976{col 33}{space 2} 1.173449{col 44}{space 1}   -2.67{col 53}{space 3}0.008{col 61}{space 4}-5.454093{col 74}{space 3}-.8138593
{txt}{space 17}t3 {c |}{col 21}{res}{space 2}-2.081602{col 33}{space 2} 1.094554{col 44}{space 1}   -1.90{col 53}{space 3}0.059{col 61}{space 4} -4.24573{col 74}{space 3} .0825246
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} 1.978576{col 33}{space 2} 1.252061{col 44}{space 1}    1.58{col 53}{space 3}0.116{col 61}{space 4}-.4969701{col 74}{space 3} 4.454123
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .5423751{col 33}{space 2} 1.200939{col 44}{space 1}    0.45{col 53}{space 3}0.652{col 61}{space 4}-1.832095{col 74}{space 3} 2.916845
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}-1.428716{col 33}{space 2} 1.115663{col 44}{space 1}   -1.28{col 53}{space 3}0.202{col 61}{space 4} -3.63458{col 74}{space 3} .7771487
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.4327409{col 33}{space 2}   .28796{col 44}{space 1}   -1.50{col 53}{space 3}0.135{col 61}{space 4}-1.002089{col 74}{space 3} .1366073
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .8179019{col 33}{space 2} .4301558{col 44}{space 1}    1.90{col 53}{space 3}0.059{col 61}{space 4}-.0325925{col 74}{space 3} 1.668396
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.1396821{col 33}{space 2} .1165345{col 44}{space 1}   -1.20{col 53}{space 3}0.233{col 61}{space 4}-.3700915{col 74}{space 3} .0907274
{txt}{space 13}female {c |}{col 21}{res}{space 2} -1.38933{col 33}{space 2} .6549334{col 44}{space 1}   -2.12{col 53}{space 3}0.036{col 61}{space 4} -2.68425{col 74}{space 3}-.0944099
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}-.0148784{col 33}{space 2} .5724558{col 44}{space 1}   -0.03{col 53}{space 3}0.979{col 61}{space 4}-1.146725{col 74}{space 3} 1.116968
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 19.13181{col 33}{space 2} 1.464592{col 44}{space 1}   13.06{col 53}{space 3}0.000{col 61}{space 4} 16.23605{col 74}{space 3} 22.02757
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)
(1 real change made)

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.052374{col 26}{space 2} 1.070886{col 37}{space 1}    0.98{col 46}{space 3}0.327{col 54}{space 4}-1.064958{col 67}{space 3} 3.169705
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}1.0523737

{txt}added scalar:
               e(sd32) =  {res}1.0708857

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.112553{col 26}{space 2} 1.200458{col 37}{space 1}    4.26{col 46}{space 3}0.000{col 54}{space 4} 2.739034{col 67}{space 3} 7.486072
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}5.1125526

{txt}added scalar:
               e(sd42) =  {res}1.2004581

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.676351{col 26}{space 2} 1.143615{col 37}{space 1}    3.21{col 46}{space 3}0.002{col 54}{space 4} 1.415222{col 67}{space 3} 5.937481
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}3.6763513

{txt}added scalar:
               e(sd52) =  {res}1.1436146

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.70526{col 26}{space 2}  1.07889{col 37}{space 1}    1.58{col 46}{space 3}0.116{col 54}{space 4}-.4278978{col 67}{space 3} 3.838419
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}1.7052604

{txt}added scalar:
               e(sd62) =  {res}1.0788905

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.060179{col 26}{space 2} 1.119123{col 37}{space 1}    3.63{col 46}{space 3}0.000{col 54}{space 4} 1.847474{col 67}{space 3} 6.272884
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}4.0601789

{txt}added scalar:
               e(sd43) =  {res}1.1191231

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.623978{col 26}{space 2}  1.01471{col 37}{space 1}    2.59{col 46}{space 3}0.011{col 54}{space 4} .6177147{col 67}{space 3}  4.63024
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}2.6239775

{txt}added scalar:
               e(sd53) =  {res}1.0147104

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .6528867{col 26}{space 2} 1.026162{col 37}{space 1}    0.64{col 46}{space 3}0.526{col 54}{space 4}-1.376018{col 67}{space 3} 2.681792
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.65288671

{txt}added scalar:
               e(sd63) =  {res}1.0261621

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.436201{col 26}{space 2} 1.189823{col 37}{space 1}   -1.21{col 46}{space 3}0.229{col 54}{space 4}-3.788693{col 67}{space 3} .9162908
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}-1.4362013

{txt}added scalar:
               e(sd54) =  {res}1.1898233

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.407292{col 26}{space 2} 1.125846{col 37}{space 1}   -3.03{col 46}{space 3}0.003{col 54}{space 4} -5.63329{col 67}{space 3}-1.181295
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}-3.4072922

{txt}added scalar:
               e(sd64) =  {res}1.125846

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}playertota~f{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.971091{col 26}{space 2} 1.074795{col 37}{space 1}   -1.83{col 46}{space 3}0.069{col 54}{space 4}-4.096152{col 67}{space 3} .1539704
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.9710908

{txt}added scalar:
               e(sd65) =  {res}1.0747953

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    26.21979           .   26.21979   26.21979

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    24.39065           .   24.39065   24.39065

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playertota~f {c |}{res}          1    25.58406           .   25.58406   25.58406

{txt}added scalar:
             e(mean21) =  {res}-1.8291388

{txt}added scalar:
             e(mean31) =  {res}-.63572938

{txt}added scalar:
             e(mean32) =  {res}1.1934095
{txt}
{com}. 
. esttab totalpayoff* using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats( r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32, fmt(%9.2f %9.2f %9.2f %9.0g %9.2f) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title("cumulative payoff")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. 
. 
. preserve
{txt}
{com}. keep if coef_time>=16 & coef_time<=25
{txt}(11,145 observations deleted)

{com}. twoway (connected coef_t2 coef_time, color(gs3) lwidth(1)) (rcap coef_lb_t2 coef_ub_t2 coef_time, color(gs3)) /*
> */  (connected coef_t3 coef_time, color(gs0) lwidth(0.2) msymbol(S)) (rcap coef_lb_t3 coef_ub_t3 coef_time, color(gs0)) /*
>  */ (connected coef_t4 coef_time, color(gs6) lp(dash_dot) lwidth(2)) (rcap coef_lb_t4 coef_ub_t4 coef_time, color(gs6)) /*
>   */, ysc(range(-2.5 4)) ylabel(-2 0 2 4) yline(0, lstyle(refline) lcolor(black))  legend(order(1 "T2" 3 "T3" 5 "T4") row(1)) xtitle("Period") ytitle("Payoff")  saving(graph/paymentT1T3, replace)
{res}{txt}(file graph/paymentT1T3.gph saved)

{com}.   graph export graph/paymentT1T3.pdf, replace
{txt}(file graph/paymentT1T3.pdf written in PDF format)

{com}.   twoway  /*
>  */ (connected coef_t5 coef_time, color(gs3) lwidth(1) lp(dash_dot) )  (rcap coef_lb_t5 coef_ub_t5 coef_time) /*
>   */ (connected coef_t6 coef_time, color(gs3) lwidth(1) lp(shortdash) msymbol(S)) (rcap coef_lb_t6 coef_ub_t6 coef_time)  /*
>   */, yline(0, lstyle(refline) lcolor(black))  ysc(range(-2.5 4)) ylabel(-2 0 2 4) legend(order(1 "T5" 3 "T6" ) row(1)) xtitle("Period") ytitle("Payoff")  saving(graph/paymentT5T6, replace)
{res}{txt}(file graph/paymentT5T6.gph saved)

{com}.   graph export graph/paymentT5T6.pdf, replace  
{txt}(file graph/paymentT5T6.pdf written in PDF format)

{com}. restore
{txt}
{com}. 
. est clear
{txt}
{com}. 
. *tax liablity 
.  foreach i of numlist 1(5)11 {c -(}
{txt}  2{com}. reg tax_paid`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum tax_paid`i'  if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. est store tax_paid`i'
{txt} 18{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    86.87
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.8087
                                                {txt}Root MSE          =    {res} .57273

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}          tax_paid1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 2.503917{col 33}{space 2}  .171336{col 44}{space 1}   14.61{col 53}{space 3}0.000{col 61}{space 4} 2.165882{col 74}{space 3} 2.841953
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 2.332983{col 33}{space 2} .1708992{col 44}{space 1}   13.65{col 53}{space 3}0.000{col 61}{space 4} 1.995809{col 74}{space 3} 2.670157
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .1060418{col 33}{space 2} .2177351{col 44}{space 1}    0.49{col 53}{space 3}0.627{col 61}{space 4}-.3235366{col 74}{space 3} .5356202
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 2.616524{col 33}{space 2} .1700866{col 44}{space 1}   15.38{col 53}{space 3}0.000{col 61}{space 4} 2.280953{col 74}{space 3} 2.952094
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 2.479455{col 33}{space 2} .1733384{col 44}{space 1}   14.30{col 53}{space 3}0.000{col 61}{space 4} 2.137469{col 74}{space 3} 2.821441
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0324078{col 33}{space 2}  .038603{col 44}{space 1}   -0.84{col 53}{space 3}0.402{col 61}{space 4}-.1085693{col 74}{space 3} .0437536
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0465119{col 33}{space 2} .0635203{col 44}{space 1}    0.73{col 53}{space 3}0.465{col 61}{space 4}-.0788098{col 74}{space 3} .1718337
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2}-.0037603{col 33}{space 2} .0187931{col 44}{space 1}   -0.20{col 53}{space 3}0.842{col 61}{space 4} -.040838{col 74}{space 3} .0333174
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0419451{col 33}{space 2} .0801925{col 44}{space 1}   -0.52{col 53}{space 3}0.602{col 61}{space 4}-.2001601{col 74}{space 3} .1162699
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .098754{col 33}{space 2} .0362493{col 44}{space 1}    2.72{col 53}{space 3}0.007{col 61}{space 4} .0272362{col 74}{space 3} .1702718
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 5.567256{col 33}{space 2} .2618511{col 44}{space 1}   21.26{col 53}{space 3}0.000{col 61}{space 4} 5.050639{col 74}{space 3} 6.083873
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1709347{col 26}{space 2} .0420724{col 37}{space 1}   -4.06{col 46}{space 3}0.000{col 54}{space 4} -.253941{col 67}{space 3}-.0879284
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.17093471

{txt}added scalar:
               e(sd32) =  {res}.04207238

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.397876{col 26}{space 2} .1330156{col 37}{space 1}  -18.03{col 46}{space 3}0.000{col 54}{space 4}-2.660307{col 67}{space 3}-2.135444
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-2.3978756

{txt}added scalar:
               e(sd42) =  {res}.13301558

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1126064{col 26}{space 2} .0390225{col 37}{space 1}    2.89{col 46}{space 3}0.004{col 54}{space 4} .0356174{col 67}{space 3} .1895953
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.11260636

{txt}added scalar:
               e(sd52) =  {res}.03902245

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0244624{col 26}{space 2} .0492918{col 37}{space 1}   -0.50{col 46}{space 3}0.620{col 54}{space 4}-.1217123{col 67}{space 3} .0727875
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.02446238

{txt}added scalar:
               e(sd62) =  {res}.04929184

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.226941{col 26}{space 2} .1371617{col 37}{space 1}  -16.24{col 46}{space 3}0.000{col 54}{space 4}-2.497553{col 67}{space 3}-1.956329
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-2.2269409

{txt}added scalar:
               e(sd43) =  {res}.13716166

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .2835411{col 26}{space 2}  .029314{col 37}{space 1}    9.67{col 46}{space 3}0.000{col 54}{space 4} .2257062{col 67}{space 3} .3413759
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.28354107

{txt}added scalar:
               e(sd53) =  {res}.02931403

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1464723{col 26}{space 2} .0487709{col 37}{space 1}    3.00{col 46}{space 3}0.003{col 54}{space 4} .0502502{col 67}{space 3} .2426945
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.14647233

{txt}added scalar:
               e(sd63) =  {res}.04877093

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.510482{col 26}{space 2}  .133157{col 37}{space 1}   18.85{col 46}{space 3}0.000{col 54}{space 4} 2.247771{col 67}{space 3} 2.773193
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}2.5104819

{txt}added scalar:
               e(sd54) =  {res}.13315703

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.373413{col 26}{space 2}  .130827{col 37}{space 1}   18.14{col 46}{space 3}0.000{col 54}{space 4} 2.115299{col 67}{space 3} 2.631527
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}2.3734132

{txt}added scalar:
               e(sd64) =  {res}.13082697

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.1370687{col 26}{space 2} .0415821{col 37}{space 1}   -3.30{col 46}{space 3}0.001{col 54}{space 4}-.2191077{col 67}{space 3}-.0550298
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.13706874

{txt}added scalar:
               e(sd65) =  {res}.04158205

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}tax_paid1 {c |}{res}          1    5.837645           .   5.837645   5.837645

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}tax_paid1 {c |}{res}          1      8.0081           .     8.0081     8.0081

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}tax_paid1 {c |}{res}          1    7.889217           .   7.889217   7.889217

{txt}added scalar:
             e(mean21) =  {res}2.170455

{txt}added scalar:
             e(mean31) =  {res}2.0515728

{txt}added scalar:
             e(mean32) =  {res}-.11888218

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    80.63
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.7696
                                                {txt}Root MSE          =    {res} 1.3456

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}          tax_paid6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 4.359057{col 33}{space 2}  .346036{col 44}{space 1}   12.60{col 53}{space 3}0.000{col 61}{space 4} 3.676349{col 74}{space 3} 5.041766
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 3.081627{col 33}{space 2} .2769943{col 44}{space 1}   11.13{col 53}{space 3}0.000{col 61}{space 4} 2.535134{col 74}{space 3}  3.62812
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.1288114{col 33}{space 2} .3458171{col 44}{space 1}   -0.37{col 53}{space 3}0.710{col 61}{space 4}-.8110879{col 74}{space 3} .5534651
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} 6.235769{col 33}{space 2} .3116266{col 44}{space 1}   20.01{col 53}{space 3}0.000{col 61}{space 4} 5.620948{col 74}{space 3}  6.85059
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} 4.835037{col 33}{space 2} .3944058{col 44}{space 1}   12.26{col 53}{space 3}0.000{col 61}{space 4} 4.056898{col 74}{space 3} 5.613176
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0571744{col 33}{space 2} .0910888{col 44}{space 1}   -0.63{col 53}{space 3}0.531{col 61}{space 4}-.2368871{col 74}{space 3} .1225384
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0912221{col 33}{space 2} .1427189{col 44}{space 1}    0.64{col 53}{space 3}0.524{col 61}{space 4}-.1903539{col 74}{space 3} .3727981
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0091251{col 33}{space 2} .0426644{col 44}{space 1}    0.21{col 53}{space 3}0.831{col 61}{space 4}-.0750491{col 74}{space 3} .0932994
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.4130972{col 33}{space 2} .1918934{col 44}{space 1}   -2.15{col 53}{space 3}0.033{col 61}{space 4}-.7916914{col 74}{space 3}-.0345029
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .2341761{col 33}{space 2} .0934618{col 44}{space 1}    2.51{col 53}{space 3}0.013{col 61}{space 4} .0497816{col 74}{space 3} .4185706
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 8.040173{col 33}{space 2} .4955746{col 44}{space 1}   16.22{col 53}{space 3}0.000{col 61}{space 4} 7.062434{col 74}{space 3} 9.017913
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -1.27743{col 26}{space 2}  .248004{col 37}{space 1}   -5.15{col 46}{space 3}0.000{col 54}{space 4}-1.766727{col 67}{space 3}-.7881333
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-1.2774304

{txt}added scalar:
               e(sd32) =  {res}.24800396

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-4.487869{col 26}{space 2} .3280543{col 37}{space 1}  -13.68{col 46}{space 3}0.000{col 54}{space 4}  -5.1351{col 67}{space 3}-3.840637
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-4.4878686

{txt}added scalar:
               e(sd42) =  {res}.3280543

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 1.876712{col 26}{space 2} .2878606{col 37}{space 1}    6.52{col 46}{space 3}0.000{col 54}{space 4}  1.30878{col 67}{space 3} 2.444644
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}1.8767119

{txt}added scalar:
               e(sd52) =  {res}.28786056

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .4759797{col 26}{space 2} .3809731{col 37}{space 1}    1.25{col 46}{space 3}0.213{col 54}{space 4}-.2756575{col 67}{space 3} 1.227617
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.47597972

{txt}added scalar:
               e(sd62) =  {res}.38097306

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.210438{col 26}{space 2} .2401515{col 37}{space 1}  -13.37{col 46}{space 3}0.000{col 54}{space 4}-3.684243{col 67}{space 3}-2.736634
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-3.2104383

{txt}added scalar:
               e(sd43) =  {res}.24015155

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.154142{col 26}{space 2} .1814896{col 37}{space 1}   17.38{col 46}{space 3}0.000{col 54}{space 4} 2.796074{col 67}{space 3}  3.51221
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}3.1541422

{txt}added scalar:
               e(sd53) =  {res}.18148963

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  1.75341{col 26}{space 2} .3094377{col 37}{space 1}    5.67{col 46}{space 3}0.000{col 54}{space 4} 1.142908{col 67}{space 3} 2.363912
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}1.7534101

{txt}added scalar:
               e(sd63) =  {res}.3094377

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 6.364581{col 26}{space 2} .2768691{col 37}{space 1}   22.99{col 46}{space 3}0.000{col 54}{space 4} 5.818334{col 67}{space 3} 6.910827
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}6.3645805

{txt}added scalar:
               e(sd54) =  {res}.27686907

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 4.963848{col 26}{space 2} .3662682{col 37}{space 1}   13.55{col 46}{space 3}0.000{col 54}{space 4} 4.241223{col 67}{space 3} 5.686474
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}4.9638483

{txt}added scalar:
               e(sd64) =  {res}.36626823

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}   tax_paid6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.400732{col 26}{space 2} .3360011{col 37}{space 1}   -4.17{col 46}{space 3}0.000{col 54}{space 4}-2.063642{col 67}{space 3} -.737822
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-1.4007322

{txt}added scalar:
               e(sd65) =  {res}.33600108

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}tax_paid6 {c |}{res}          1    7.519565           .   7.519565   7.519565

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}tax_paid6 {c |}{res}          1    13.15626           .   13.15626   13.15626

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 3}tax_paid6 {c |}{res}          1    11.29546           .   11.29546   11.29546

{txt}added scalar:
             e(mean21) =  {res}5.6366935

{txt}added scalar:
             e(mean31) =  {res}3.7758975

{txt}added scalar:
             e(mean32) =  {res}-1.860796

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    62.96
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.7268
                                                {txt}Root MSE          =    {res} 2.3947

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}         tax_paid11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} 4.796874{col 33}{space 2} .4867587{col 44}{space 1}    9.85{col 53}{space 3}0.000{col 61}{space 4} 3.836528{col 74}{space 3}  5.75722
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} 3.240977{col 33}{space 2} .3430429{col 44}{space 1}    9.45{col 53}{space 3}0.000{col 61}{space 4} 2.564174{col 74}{space 3}  3.91778
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} -.194216{col 33}{space 2} .3960866{col 44}{space 1}   -0.49{col 53}{space 3}0.624{col 61}{space 4}-.9756713{col 74}{space 3} .5872394
{txt}{space 17}t5 {c |}{col 21}{res}{space 2}   10.607{col 33}{space 2} .5504726{col 44}{space 1}   19.27{col 53}{space 3}0.000{col 61}{space 4} 9.520951{col 74}{space 3} 11.69305
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}  6.98945{col 33}{space 2} .7433616{col 44}{space 1}    9.40{col 53}{space 3}0.000{col 61}{space 4} 5.522842{col 74}{space 3} 8.456058
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.1078325{col 33}{space 2} .1638101{col 44}{space 1}   -0.66{col 53}{space 3}0.511{col 61}{space 4}-.4310201{col 74}{space 3}  .215355
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .1124774{col 33}{space 2} .2492422{col 44}{space 1}    0.45{col 53}{space 3}0.652{col 61}{space 4}-.3792626{col 74}{space 3} .6042174
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0078973{col 33}{space 2} .0759006{col 44}{space 1}    0.10{col 53}{space 3}0.917{col 61}{space 4}-.1418502{col 74}{space 3} .1576448
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.8251893{col 33}{space 2} .3379088{col 44}{space 1}   -2.44{col 53}{space 3}0.016{col 61}{space 4}-1.491863{col 74}{space 3}-.1585153
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .3819369{col 33}{space 2} .1676597{col 44}{space 1}    2.28{col 53}{space 3}0.024{col 61}{space 4} .0511544{col 74}{space 3} .7127195
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} 7.793403{col 33}{space 2}  .836188{col 44}{space 1}    9.32{col 53}{space 3}0.000{col 61}{space 4} 6.143654{col 74}{space 3} 9.443153
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-1.555897{col 26}{space 2} .4153477{col 37}{space 1}   -3.75{col 46}{space 3}0.000{col 54}{space 4}-2.375354{col 67}{space 3}-.7364407
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-1.5558971

{txt}added scalar:
               e(sd32) =  {res}.41534773

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -4.99109{col 26}{space 2} .4672826{col 37}{space 1}  -10.68{col 46}{space 3}0.000{col 54}{space 4}-5.913011{col 67}{space 3}-4.069169
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-4.99109

{txt}added scalar:
               e(sd42) =  {res}.46728264

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.810127{col 26}{space 2}  .594207{col 37}{space 1}    9.78{col 46}{space 3}0.000{col 54}{space 4} 4.637792{col 67}{space 3} 6.982462
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}5.8101268

{txt}added scalar:
               e(sd52) =  {res}.594207

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 2.192576{col 26}{space 2} .7804775{col 37}{space 1}    2.81{col 46}{space 3}0.006{col 54}{space 4} .6527405{col 67}{space 3} 3.732412
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}2.1925762

{txt}added scalar:
               e(sd62) =  {res}.78047751

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.435193{col 26}{space 2} .2913414{col 37}{space 1}  -11.79{col 46}{space 3}0.000{col 54}{space 4}-4.009992{col 67}{space 3}-2.860394
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-3.4351928

{txt}added scalar:
               e(sd43) =  {res}.29134135

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.366024{col 26}{space 2} .4723114{col 37}{space 1}   15.60{col 46}{space 3}0.000{col 54}{space 4} 6.434182{col 67}{space 3} 8.297866
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}7.366024

{txt}added scalar:
               e(sd53) =  {res}.47231143

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 3.748473{col 26}{space 2} .6885648{col 37}{space 1}    5.44{col 46}{space 3}0.000{col 54}{space 4} 2.389976{col 67}{space 3} 5.106971
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}3.7484733

{txt}added scalar:
               e(sd63) =  {res}.68856479

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 10.80122{col 26}{space 2} .5106259{col 37}{space 1}   21.15{col 46}{space 3}0.000{col 54}{space 4} 9.793782{col 67}{space 3} 11.80865
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}10.801217

{txt}added scalar:
               e(sd54) =  {res}.51062589

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 7.183666{col 26}{space 2} .7077755{col 37}{space 1}   10.15{col 46}{space 3}0.000{col 54}{space 4} 5.787267{col 67}{space 3} 8.580065
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}7.1836661

{txt}added scalar:
               e(sd64) =  {res}.7077755

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}  tax_paid11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-3.617551{col 26}{space 2} .8018138{col 37}{space 1}   -4.51{col 46}{space 3}0.000{col 54}{space 4}-5.199482{col 67}{space 3} -2.03562
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-3.6175506

{txt}added scalar:
               e(sd65) =  {res}.80181379

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}tax_paid11 {c |}{res}          1    9.150651           .   9.150651   9.150651

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}tax_paid11 {c |}{res}          1    15.47351           .   15.47351   15.47351

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}tax_paid11 {c |}{res}          1    11.58791           .   11.58791   11.58791

{txt}added scalar:
             e(mean21) =  {res}6.3228559

{txt}added scalar:
             e(mean31) =  {res}2.4372625

{txt}added scalar:
             e(mean32) =  {res}-3.8855934
{txt}
{com}. 
. *tax liablity to endowment ratio
.  foreach i of numlist 1(5)11 {c -(}
{txt}  2{com}. reg tax_paid_2_endowment`i'  $treatmentlist $control if subsessionround_in_sequence==`i' & sessiontype<10, vce(cluster id)
{txt}  3{com}. foreach k of numlist 2/5{c -(}
{txt}  4{com}.         foreach m of numlist `=`k'+1'/6{c -(}
{txt}  5{com}. lincom t`m'-t`k'
{txt}  6{com}. estadd scalar diff`m'`k' r(estimate)
{txt}  7{com}. estadd scalar sd`m'`k' r(se)
{txt}  8{com}. {c )-} 
{txt}  9{com}. {c )-}
{txt} 10{com}. foreach j of numlist 1/3{c -(}
{txt} 11{com}. sum tax_paid_2_endowment`i'  if subsessionround_in_sequence==`i' & sessiontype==`=`j'+10'
{txt} 12{com}. local mean`j'=r(mean)
{txt} 13{com}. {c )-}
{txt} 14{com}. estadd scalar mean21=`mean2'-`mean1'
{txt} 15{com}. estadd scalar mean31=`mean3'-`mean1'
{txt} 16{com}. estadd scalar mean32=`mean3'-`mean2'
{txt} 17{com}. 
. est store tax_paid_2_endowment`i'
{txt} 18{com}. {c )-}

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    88.87
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.8120
                                                {txt}Root MSE          =    {res} .00707

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}tax_paid_2_endow~t1{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .0311828{col 33}{space 2} .0021139{col 44}{space 1}   14.75{col 53}{space 3}0.000{col 61}{space 4} .0270123{col 74}{space 3} .0353533
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .0291488{col 33}{space 2} .0021069{col 44}{space 1}   13.84{col 53}{space 3}0.000{col 61}{space 4}  .024992{col 74}{space 3} .0333055
{txt}{space 17}t4 {c |}{col 21}{res}{space 2} .0012166{col 33}{space 2} .0026894{col 44}{space 1}    0.45{col 53}{space 3}0.652{col 61}{space 4}-.0040894{col 74}{space 3} .0065226
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0324865{col 33}{space 2} .0020979{col 44}{space 1}   15.49{col 53}{space 3}0.000{col 61}{space 4} .0283474{col 74}{space 3} .0366256
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .0308717{col 33}{space 2} .0021369{col 44}{space 1}   14.45{col 53}{space 3}0.000{col 61}{space 4} .0266557{col 74}{space 3} .0350877
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0003918{col 33}{space 2}  .000473{col 44}{space 1}   -0.83{col 53}{space 3}0.409{col 61}{space 4}-.0013251{col 74}{space 3} .0005415
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0005556{col 33}{space 2} .0007786{col 44}{space 1}    0.71{col 53}{space 3}0.476{col 61}{space 4}-.0009805{col 74}{space 3} .0020917
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} -.000051{col 33}{space 2} .0002309{col 44}{space 1}   -0.22{col 53}{space 3}0.825{col 61}{space 4}-.0005065{col 74}{space 3} .0004045
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0004458{col 33}{space 2} .0009882{col 44}{space 1}   -0.45{col 53}{space 3}0.652{col 61}{space 4}-.0023955{col 74}{space 3} .0015038
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2}  .001226{col 33}{space 2} .0004482{col 44}{space 1}    2.74{col 53}{space 3}0.007{col 61}{space 4} .0003418{col 74}{space 3} .0021103
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .0704666{col 33}{space 2} .0032324{col 44}{space 1}   21.80{col 53}{space 3}0.000{col 61}{space 4} .0640893{col 74}{space 3} .0768439
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.002034{col 26}{space 2} .0005056{col 37}{space 1}   -4.02{col 46}{space 3}0.000{col 54}{space 4}-.0030316{col 67}{space 3}-.0010364
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.00203403

{txt}added scalar:
               e(sd32) =  {res}.00050563

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0299662{col 26}{space 2} .0016402{col 37}{space 1}  -18.27{col 46}{space 3}0.000{col 54}{space 4}-.0332022{col 67}{space 3}-.0267301
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.02996617

{txt}added scalar:
               e(sd42) =  {res}.00164021

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0013037{col 26}{space 2} .0004636{col 37}{space 1}    2.81{col 46}{space 3}0.005{col 54}{space 4} .0003891{col 67}{space 3} .0022183
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.00130371

{txt}added scalar:
               e(sd52) =  {res}.00046357

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0003111{col 26}{space 2} .0005849{col 37}{space 1}   -0.53{col 46}{space 3}0.595{col 54}{space 4} -.001465{col 67}{space 3} .0008428
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}-.00031109

{txt}added scalar:
               e(sd62) =  {res}.00058486

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0279321{col 26}{space 2} .0016956{col 37}{space 1}  -16.47{col 46}{space 3}0.000{col 54}{space 4}-.0312774{col 67}{space 3}-.0245868
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.02793214

{txt}added scalar:
               e(sd43) =  {res}.00169559

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0033377{col 26}{space 2} .0003512{col 37}{space 1}    9.50{col 46}{space 3}0.000{col 54}{space 4} .0026448{col 67}{space 3} .0040307
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.00333774

{txt}added scalar:
               e(sd53) =  {res}.00035121

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0017229{col 26}{space 2} .0005857{col 37}{space 1}    2.94{col 46}{space 3}0.004{col 54}{space 4} .0005674{col 67}{space 3} .0028785
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.00172294

{txt}added scalar:
               e(sd63) =  {res}.00058572

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0312699{col 26}{space 2} .0016455{col 37}{space 1}   19.00{col 46}{space 3}0.000{col 54}{space 4} .0280235{col 67}{space 3} .0345163
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.03126988

{txt}added scalar:
               e(sd54) =  {res}.00164546

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0296551{col 26}{space 2} .0016138{col 37}{space 1}   18.38{col 46}{space 3}0.000{col 54}{space 4} .0264712{col 67}{space 3}  .032839
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.02965508

{txt}added scalar:
               e(sd64) =  {res}.00161379

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~t1{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0016148{col 26}{space 2} .0004936{col 37}{space 1}   -3.27{col 46}{space 3}0.001{col 54}{space 4}-.0025886{col 67}{space 3}-.0006409
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.0016148

{txt}added scalar:
               e(sd65) =  {res}.0004936

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_~t1 {c |}{res}          1     .074222           .    .074222    .074222

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_~t1 {c |}{res}          1    .1008705           .   .1008705   .1008705

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_~t1 {c |}{res}          1    .0994798           .   .0994798   .0994798

{txt}added scalar:
             e(mean21) =  {res}.02664858

{txt}added scalar:
             e(mean31) =  {res}.02525786

{txt}added scalar:
             e(mean32) =  {res}-.00139073

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    80.77
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.7700
                                                {txt}Root MSE          =    {res} .01391

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}tax_paid_2_endowm~6{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .0451831{col 33}{space 2} .0035806{col 44}{space 1}   12.62{col 53}{space 3}0.000{col 61}{space 4} .0381189{col 74}{space 3} .0522473
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .0319774{col 33}{space 2} .0028702{col 44}{space 1}   11.14{col 53}{space 3}0.000{col 61}{space 4} .0263147{col 74}{space 3}   .03764
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0013097{col 33}{space 2} .0035823{col 44}{space 1}   -0.37{col 53}{space 3}0.715{col 61}{space 4}-.0083773{col 74}{space 3} .0057579
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .0644986{col 33}{space 2} .0032251{col 44}{space 1}   20.00{col 53}{space 3}0.000{col 61}{space 4} .0581355{col 74}{space 3} .0708616
{txt}{space 17}t6 {c |}{col 21}{res}{space 2}  .050056{col 33}{space 2} .0040781{col 44}{space 1}   12.27{col 53}{space 3}0.000{col 61}{space 4} .0420103{col 74}{space 3} .0581018
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0005909{col 33}{space 2} .0009413{col 44}{space 1}   -0.63{col 53}{space 3}0.531{col 61}{space 4}-.0024479{col 74}{space 3} .0012662
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0009451{col 33}{space 2} .0014756{col 44}{space 1}    0.64{col 53}{space 3}0.523{col 61}{space 4}-.0019662{col 74}{space 3} .0038563
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0000936{col 33}{space 2}  .000441{col 44}{space 1}    0.21{col 53}{space 3}0.832{col 61}{space 4}-.0007764{col 74}{space 3} .0009637
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0042557{col 33}{space 2} .0019836{col 44}{space 1}   -2.15{col 53}{space 3}0.033{col 61}{space 4}-.0081692{col 74}{space 3}-.0003421
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0024337{col 33}{space 2} .0009662{col 44}{space 1}    2.52{col 53}{space 3}0.013{col 61}{space 4} .0005274{col 74}{space 3}   .00434
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .0833262{col 33}{space 2} .0051254{col 44}{space 1}   16.26{col 53}{space 3}0.000{col 61}{space 4} .0732141{col 74}{space 3} .0934383
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0132057{col 26}{space 2} .0025612{col 37}{space 1}   -5.16{col 46}{space 3}0.000{col 54}{space 4}-.0182588{col 67}{space 3}-.0081526
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.01320574

{txt}added scalar:
               e(sd32) =  {res}.0025612

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0464928{col 26}{space 2} .0033905{col 37}{space 1}  -13.71{col 46}{space 3}0.000{col 54}{space 4}-.0531821{col 67}{space 3}-.0398034
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.04649277

{txt}added scalar:
               e(sd42) =  {res}.00339054

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0193154{col 26}{space 2}  .002971{col 37}{space 1}    6.50{col 46}{space 3}0.000{col 54}{space 4} .0134539{col 67}{space 3}  .025177
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.01931544

{txt}added scalar:
               e(sd52) =  {res}.00297098

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0048729{col 26}{space 2} .0039326{col 37}{space 1}    1.24{col 46}{space 3}0.217{col 54}{space 4}-.0028859{col 67}{space 3} .0126318
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.00487294

{txt}added scalar:
               e(sd62) =  {res}.00393264

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.033287{col 26}{space 2} .0024849{col 37}{space 1}  -13.40{col 46}{space 3}0.000{col 54}{space 4}-.0381895{col 67}{space 3}-.0283845
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.03328703

{txt}added scalar:
               e(sd43) =  {res}.00248487

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0325212{col 26}{space 2}  .001872{col 37}{space 1}   17.37{col 46}{space 3}0.000{col 54}{space 4} .0288279{col 67}{space 3} .0362145
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.03252118

{txt}added scalar:
               e(sd53) =  {res}.00187197

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0180787{col 26}{space 2} .0031941{col 37}{space 1}    5.66{col 46}{space 3}0.000{col 54}{space 4} .0117768{col 67}{space 3} .0243805
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.01807868

{txt}added scalar:
               e(sd63) =  {res}.00319415

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0658082{col 26}{space 2} .0028613{col 37}{space 1}   23.00{col 46}{space 3}0.000{col 54}{space 4} .0601631{col 67}{space 3} .0714533
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.06580821

{txt}added scalar:
               e(sd54) =  {res}.00286126

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0513657{col 26}{space 2} .0037836{col 37}{space 1}   13.58{col 46}{space 3}0.000{col 54}{space 4} .0439009{col 67}{space 3} .0588305
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.05136571

{txt}added scalar:
               e(sd64) =  {res}.0037836

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_2~6{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0144425{col 26}{space 2} .0034669{col 37}{space 1}   -4.17{col 46}{space 3}0.000{col 54}{space 4}-.0212825{col 67}{space 3}-.0076025
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.0144425

{txt}added scalar:
               e(sd65) =  {res}.00346693

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_2~6 {c |}{res}          1    .0779451           .   .0779451   .0779451

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_2~6 {c |}{res}          1    .1362692           .   .1362692   .1362692

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_2~6 {c |}{res}          1    .1170979           .   .1170979   .1170979

{txt}added scalar:
             e(mean21) =  {res}.05832408

{txt}added scalar:
             e(mean31) =  {res}.03915276

{txt}added scalar:
             e(mean32) =  {res}-.01917131

{txt}Linear regression                               Number of obs     = {res}       370
                                                {txt}F(10, 184)        =  {res}    62.57
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.7259
                                                {txt}Root MSE          =    {res} .02616

{txt}{ralign 85:(Std. Err. adjusted for {res:185} clusters in id)}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}tax_paid_2_endow~11{col 21}{c |}      Coef.{col 33}   Std. Err.{col 45}      t{col 53}   P>|t|{col 61}     [95% Con{col 74}f. Interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 17}t2 {c |}{col 21}{res}{space 2} .0520146{col 33}{space 2} .0052972{col 44}{space 1}    9.82{col 53}{space 3}0.000{col 61}{space 4} .0415635{col 74}{space 3} .0624657
{txt}{space 17}t3 {c |}{col 21}{res}{space 2} .0351765{col 33}{space 2} .0037265{col 44}{space 1}    9.44{col 53}{space 3}0.000{col 61}{space 4} .0278244{col 74}{space 3} .0425287
{txt}{space 17}t4 {c |}{col 21}{res}{space 2}-.0020582{col 33}{space 2} .0043051{col 44}{space 1}   -0.48{col 53}{space 3}0.633{col 61}{space 4}-.0105519{col 74}{space 3} .0064356
{txt}{space 17}t5 {c |}{col 21}{res}{space 2} .1157296{col 33}{space 2} .0060171{col 44}{space 1}   19.23{col 53}{space 3}0.000{col 61}{space 4} .1038582{col 74}{space 3}  .127601
{txt}{space 17}t6 {c |}{col 21}{res}{space 2} .0761006{col 33}{space 2} .0081253{col 44}{space 1}    9.37{col 53}{space 3}0.000{col 61}{space 4} .0600698{col 74}{space 3} .0921313
{txt}{space 16}crt {c |}{col 21}{res}{space 2}-.0011757{col 33}{space 2} .0017894{col 44}{space 1}   -0.66{col 53}{space 3}0.512{col 61}{space 4}-.0047061{col 74}{space 3} .0023548
{txt}{space 2}financialliteracy {c |}{col 21}{res}{space 2} .0012207{col 33}{space 2} .0027224{col 44}{space 1}    0.45{col 53}{space 3}0.654{col 61}{space 4}-.0041505{col 74}{space 3} .0065918
{txt}{space 9}riskaverse {c |}{col 21}{res}{space 2} .0000816{col 33}{space 2} .0008297{col 44}{space 1}    0.10{col 53}{space 3}0.922{col 61}{space 4}-.0015553{col 74}{space 3} .0017184
{txt}{space 13}female {c |}{col 21}{res}{space 2}-.0090034{col 33}{space 2} .0036911{col 44}{space 1}   -2.44{col 53}{space 3}0.016{col 61}{space 4}-.0162857{col 74}{space 3} -.001721
{txt}subsessionsequence2 {c |}{col 21}{res}{space 2} .0041945{col 33}{space 2} .0018307{col 44}{space 1}    2.29{col 53}{space 3}0.023{col 61}{space 4} .0005826{col 74}{space 3} .0078063
{txt}{space 14}_cons {c |}{col 21}{res}{space 2} .0845118{col 33}{space 2} .0091335{col 44}{space 1}    9.25{col 53}{space 3}0.000{col 61}{space 4}  .066492{col 74}{space 3} .1025316
{txt}{hline 20}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t3 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} -.016838{col 26}{space 2} .0045275{col 37}{space 1}   -3.72{col 46}{space 3}0.000{col 54}{space 4}-.0257706{col 67}{space 3}-.0079055
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff32) =  {res}-.01683805

{txt}added scalar:
               e(sd32) =  {res}.00452752

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0540727{col 26}{space 2}  .005091{col 37}{space 1}  -10.62{col 46}{space 3}0.000{col 54}{space 4}-.0641169{col 67}{space 3}-.0440286
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff42) =  {res}-.05407275

{txt}added scalar:
               e(sd42) =  {res}.00509096

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .063715{col 26}{space 2} .0064987{col 37}{space 1}    9.80{col 46}{space 3}0.000{col 54}{space 4} .0508935{col 67}{space 3} .0765366
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff52) =  {res}.06371504

{txt}added scalar:
               e(sd52) =  {res}.00649872

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t2 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .024086{col 26}{space 2} .0085326{col 37}{space 1}    2.82{col 46}{space 3}0.005{col 54}{space 4} .0072516{col 67}{space 3} .0409203
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff62) =  {res}.02408597

{txt}added scalar:
               e(sd62) =  {res}.00853261

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t4 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0372347{col 26}{space 2} .0031739{col 37}{space 1}  -11.73{col 46}{space 3}0.000{col 54}{space 4}-.0434966{col 67}{space 3}-.0309728
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff43) =  {res}-.0372347

{txt}added scalar:
               e(sd43) =  {res}.00317388

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0805531{col 26}{space 2} .0051775{col 37}{space 1}   15.56{col 46}{space 3}0.000{col 54}{space 4} .0703382{col 67}{space 3}  .090768
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff53) =  {res}.08055309

{txt}added scalar:
               e(sd53) =  {res}.00517751

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t3 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  .040924{col 26}{space 2} .0075348{col 37}{space 1}    5.43{col 46}{space 3}0.000{col 54}{space 4} .0260584{col 67}{space 3} .0557897
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff63) =  {res}.04092402

{txt}added scalar:
               e(sd63) =  {res}.00753477

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t5 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .1177878{col 26}{space 2}   .00559{col 37}{space 1}   21.07{col 46}{space 3}0.000{col 54}{space 4}  .106759{col 67}{space 3} .1288165
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff54) =  {res}.11778779

{txt}added scalar:
               e(sd54) =  {res}.00559001

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t4 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0781587{col 26}{space 2} .0077414{col 37}{space 1}   10.10{col 46}{space 3}0.000{col 54}{space 4} .0628854{col 67}{space 3}  .093432
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff64) =  {res}.07815872

{txt}added scalar:
               e(sd64) =  {res}.00774139

{p 0 7}{space 1}{text:( 1)}{space 1}{space 1}{res}- t5 + t6 = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}tax_paid_~11{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0396291{col 26}{space 2} .0087807{col 37}{space 1}   -4.51{col 46}{space 3}0.000{col 54}{space 4}-.0569529{col 67}{space 3}-.0223052
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

added scalar:
             e(diff65) =  {res}-.03962907

{txt}added scalar:
               e(sd65) =  {res}.00878072

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_~11 {c |}{res}          1    .0994787           .   .0994787   .0994787

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_~11 {c |}{res}          1    .1681042           .   .1681042   .1681042

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
tax_paid_~11 {c |}{res}          1    .1257584           .   .1257584   .1257584

{txt}added scalar:
             e(mean21) =  {res}.06862551

{txt}added scalar:
             e(mean31) =  {res}.02627975

{txt}added scalar:
             e(mean32) =  {res}-.04234576
{txt}
{com}. 
. esttab tax_paid*  using "output/result.csv", /*
> */  keep(_cons $treatmentlist $control) append cells(b(star fmt(%9.2f)) se(par fmt(%9.2f))) star( * 0.10 ** 0.05 *** 0.010)  /*
> */ stats(r2_a N diff32 sd32 diff42 sd42 diff52 sd52 diff62 sd62 diff43 sd43 diff53 sd53 diff63 sd63 diff54 sd54 diff64 sd64 diff65 sd65  mean21 mean31 mean32, fmt(%9.2f %9.0g ) labels(R-squared N T3-T2 sd T4-T2 sd T5-T2 sd T6-T2 sd T4-T3 sd T5-T3 sd T6-T3 sd T5-T4 sd T6-T4 sd T6-T5 sd T2-T1 T3-T1 T3-T2))  collabels(none) title("tax paid ")
{res}{txt}(output written to {browse  `"output/result.csv"'})

{com}. 
. 
. 
. 
. gen revised_networth=playerbalance_RA+revised_playerbalance_TDA+playerbalance_CA
{txt}
{com}. replace revised_networth=networth if sessiontype~=1 & sessiontype~=4 & sessiontype~=11
{txt}(0 real changes made)

{com}. 
. *decomposing the difference in retirement wealth across treatments
. 
. gen level=.
{txt}(11,155 missing values generated)

{com}. gen se=.
{txt}(11,155 missing values generated)

{com}. 
. gen level_model=0
{txt}
{com}. 
. reg networth t1 if subsessionround_in_sequence==15 & (sessiontype==1 | sessiontype==2), vce(cluster id)

{txt}Linear regression                               Number of obs     = {res}       122
                                                {txt}F(1, 60)          =  {res}   101.33
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.5878
                                                {txt}Root MSE          =    {res} 181.24

{txt}{ralign 78:(Std. Err. adjusted for {res:61} clusters in id)}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}    networth{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t1 {c |}{col 14}{res}{space 2} 429.3331{col 26}{space 2} 42.65071{col 37}{space 1}   10.07{col 46}{space 3}0.000{col 54}{space 4}  344.019{col 67}{space 3} 514.6473
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 129.2123{col 26}{space 2} 19.76267{col 37}{space 1}    6.54{col 46}{space 3}0.000{col 54}{space 4}  89.6811{col 67}{space 3} 168.7435
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. replace level=_b[t1] in 1
{txt}(1 real change made)

{com}. replace se=_se[t1] in 1
{txt}(1 real change made)

{com}. reg networth t1 if subsessionround_in_sequence==15 & (sessiontype==1 | sessiontype==4), vce(cluster id)

{txt}Linear regression                               Number of obs     = {res}       128
                                                {txt}F(1, 63)          =  {res}     0.35
                                                {txt}Prob > F          = {res}    0.5578
                                                {txt}R-squared         = {res}    0.0045
                                                {txt}Root MSE          =    {res} 220.73

{txt}{ralign 78:(Std. Err. adjusted for {res:64} clusters in id)}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}    networth{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t1 {c |}{col 14}{res}{space 2} 29.43505{col 26}{space 2} 49.95719{col 37}{space 1}    0.59{col 46}{space 3}0.558{col 54}{space 4}-70.39643{col 67}{space 3} 129.2665
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 529.1104{col 26}{space 2} 32.69369{col 37}{space 1}   16.18{col 46}{space 3}0.000{col 54}{space 4} 463.7773{col 67}{space 3} 594.4435
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. replace level=_b[t1] in 2
{txt}(1 real change made)

{com}. replace se=_se[t1] in 2
{txt}(1 real change made)

{com}. reg revised_networth t4 if subsessionround_in_sequence==15 & (sessiontype==4 | sessiontype==5), vce(cluster id)

{txt}Linear regression                               Number of obs     = {res}       128
                                                {txt}F(1, 63)          =  {res}     9.50
                                                {txt}Prob > F          = {res}    0.0030
                                                {txt}R-squared         = {res}    0.0984
                                                {txt}Root MSE          =    {res} 168.01

{txt}{ralign 78:(Std. Err. adjusted for {res:64} clusters in id)}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}revised_ne~h{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t4 {c |}{col 14}{res}{space 2} -110.199{col 26}{space 2} 35.74566{col 37}{space 1}   -3.08{col 46}{space 3}0.003{col 54}{space 4} -181.631{col 67}{space 3}-38.76702
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  490.744{col 26}{space 2} 26.80698{col 37}{space 1}   18.31{col 46}{space 3}0.000{col 54}{space 4} 437.1745{col 67}{space 3} 544.3135
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. replace level=_b[t4] in 4
{txt}(1 real change made)

{com}. replace se=_se[t4] in 4
{txt}(1 real change made)

{com}. reg networth t5 if subsessionround_in_sequence==15 & (sessiontype==5 | sessiontype==6), vce(cluster id)

{txt}Linear regression                               Number of obs     = {res}       120
                                                {txt}F(1, 59)          =  {res}    20.53
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.2213
                                                {txt}Root MSE          =    {res} 197.75

{txt}{ralign 78:(Std. Err. adjusted for {res:60} clusters in id)}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}    networth{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t5 {c |}{col 14}{res}{space 2} 209.1824{col 26}{space 2} 46.16986{col 37}{space 1}    4.53{col 46}{space 3}0.000{col 54}{space 4} 116.7967{col 67}{space 3} 301.5681
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 281.5616{col 26}{space 2} 37.57522{col 37}{space 1}    7.49{col 46}{space 3}0.000{col 54}{space 4} 206.3737{col 67}{space 3} 356.7494
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. replace level=_b[t5] in 5
{txt}(1 real change made)

{com}. replace se=_se[t5] in 5
{txt}(1 real change made)

{com}. reg networth t6 if subsessionround_in_sequence==15 & (sessiontype==6 | sessiontype==2) ,vce(cluster id)

{txt}Linear regression                               Number of obs     = {res}       118
                                                {txt}F(1, 58)          =  {res}    12.87
                                                {txt}Prob > F          = {res}    0.0007
                                                {txt}R-squared         = {res}    0.1638
                                                {txt}Root MSE          =    {res} 173.56

{txt}{ralign 78:(Std. Err. adjusted for {res:59} clusters in id)}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}    networth{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}t6 {c |}{col 14}{res}{space 2} 152.3492{col 26}{space 2} 42.46649{col 37}{space 1}    3.59{col 46}{space 3}0.001{col 54}{space 4} 67.34332{col 67}{space 3} 237.3551
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} 129.2123{col 26}{space 2} 19.77107{col 37}{space 1}    6.54{col 46}{space 3}0.000{col 54}{space 4} 89.63623{col 67}{space 3} 168.7884
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. replace level=_b[t6] in 6
{txt}(1 real change made)

{com}. replace se=_se[t6] in 6
{txt}(1 real change made)

{com}. preserve
{txt}
{com}. keep if subsessionround_in_sequence==15 & sessiontype==4 
{txt}(11,089 observations deleted)

{com}. keep networth revised_networth id_sequence id
{txt}
{com}. rename networth networth1
{res}{txt}
{com}. rename revised_networth networth2
{res}{txt}
{com}. reshape long networth, i(id id_sequence) j(original)
{txt}(note: j = 1 2)

Data{col 36}wide{col 43}->{col 48}long
{hline 77}
Number of obs.                 {res}      66   {txt}->{res}     132
{txt}Number of variables            {res}       4   {txt}->{res}       4
{txt}j variable (2 values)                     ->   {res}original
{txt}xij variables:
                    {res}networth1 networth2   {txt}->   {res}networth
{txt}{hline 77}

{com}. replace original=0 if original==2
{txt}(66 real changes made)

{com}. reg networth original , vce(cluster id)

{txt}Linear regression                               Number of obs     = {res}       132
                                                {txt}F(1, 32)          =  {res}   261.16
                                                {txt}Prob > F          = {res}    0.0000
                                                {txt}R-squared         = {res}    0.1359
                                                {txt}Root MSE          =    {res} 188.79

{txt}{ralign 78:(Std. Err. adjusted for {res:33} clusters in id)}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}    networth{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}original {c |}{col 14}{res}{space 2} 148.5654{col 26}{space 2} 9.193124{col 37}{space 1}   16.16{col 46}{space 3}0.000{col 54}{space 4} 129.8397{col 67}{space 3} 167.2912
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  380.545{col 26}{space 2}  23.8215{col 37}{space 1}   15.97{col 46}{space 3}0.000{col 54}{space 4} 332.0221{col 67}{space 3} 429.0678
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. local temp1=_b[original]
{txt}
{com}. local temp2=_se[original]
{txt}
{com}. restore
{txt}
{com}. replace level=`temp1' in 3
{txt}(1 real change made)

{com}. replace se=`temp2' in 3
{txt}(1 real change made)

{com}. 
. sum networth  if subsessionround_in_sequence==15 & sessiontype==11

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}networth {c |}{res}          1    416.3629           .   416.3629   416.3629
{txt}
{com}. local t1mean=r(mean)
{txt}
{com}. sum revised_networth  if subsessionround_in_sequence==15 & sessiontype==11

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
revised_ne~h {c |}{res}          1    291.6665           .   291.6665   291.6665
{txt}
{com}. local revised_t1mean=r(mean)
{txt}
{com}. sum networth  if subsessionround_in_sequence==15 & sessiontype==12

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 4}networth {c |}{res}          1    316.8916           .   316.8916   316.8916
{txt}
{com}. local t2mean=r(mean)
{txt}
{com}. 
. replace level_model=0
{txt}(0 real changes made)

{com}. replace level_model=`t1mean'-`t2mean' in 1
{txt}(1 real change made)

{com}. replace level_model=`t1mean'-`revised_t1mean' in 3
{txt}(1 real change made)

{com}. replace level_model=`revised_t1mean'-`t2mean' in 4
{txt}(1 real change made)

{com}. 
. br level se level_model
{txt}
{com}. 
. 
. 
. 
.  
. preserve
{txt}
{com}. global varlist=" playertotal_payoff playerconsumption playerbalance_RA playerbalance_TDA playerbalance_CA playercontribution revised_playerbalance_TDA "
{txt}
{com}. collapse $varlist , by(sessiontype subsessionround_in_sequence)
{txt}
{com}. drop if subsessionround_in_sequence==55 /*record the final questionnaire*/
{txt}(0 observations deleted)

{com}. replace playerbalance_TDA=0 if playerbalance_TDA==.
{txt}(0 real changes made)

{com}. replace playerbalance_CA=0 if playerbalance_CA==.
{txt}(0 real changes made)

{com}. replace revised_playerbalance_TDA=0 if revised_playerbalance_TDA==.
{txt}(0 real changes made)

{com}. 
. gen networth=playerbalance_RA+playerbalance_TDA+playerbalance_CA
{txt}
{com}. gen revised_networth=playerbalance_RA+revised_playerbalance_TDA+playerbalance_CA
{txt}
{com}. replace revised_networth=networth if sessiontype~=1 & sessiontype~=4 & sessiontype~=11
{txt}(0 real changes made)

{com}. global varlist="playerconsumption networth "
{txt}
{com}. label var playertotal_payoff "Cumulative earnings"
{txt}
{com}. label var playerconsumption "Consumption (000)"
{txt}
{com}. label var  networth "Total networth (000)"
{txt}
{com}. label var playerbalance_RA "RA balance"
{txt}
{com}. label var playerbalance_TDA "TDA balance (000)"
{txt}
{com}. label var subsessionround_in_sequence "Period"
{txt}
{com}. label var  revised_networth "Revised total networth (000)"
{txt}
{com}. keep if subsessionround_in_sequence<=25 /*record the final questionnaire*/
{txt}(90 observations deleted)

{com}. 
. 
. 
. 
. 
. *=============================
. *Figure 1
. *=============================
. 
. twoway (line playerconsumption subsessionround_in_sequence if sessiontype==11 ,  lcolor(gs6) ) /*
> */ (line playerconsumption subsessionround_in_sequence if sessiontype==12,  lp(shortdash) lcolor(gs3) ) /*
> */  (line playerconsumption subsessionround_in_sequence if sessiontype==13,  lp(longdash) lcolor(gs0) ) /*
> */  (connected playerconsumption subsessionround_in_sequence if sessiontype==11,  lcolor(gs6) msymbol(X) mcolor(gs6) ) /*
> */, xline(16) legend(order(1 "T1/T4 model" 2 "T2/T5/T6 model" 3 "T3 model" 4 "T1*/T4* model" ) rows(1) size(*0.8) symxsize(*0.8))   name(consumption, replace)
{res}{txt}
{com}. graph save graph/consumption_model, replace
{res}{txt}(file graph/consumption_model.gph saved)

{com}. graph export graph/consumption_model.pdf, replace
{txt}(file graph/consumption_model.pdf written in PDF format)

{com}. 
. 
. twoway (line networth subsessionround_in_sequence if sessiontype==11 ,  lcolor(gs6) ) /*
> */ (line networth subsessionround_in_sequence if sessiontype==12,  lp(shortdash) lcolor(gs3) ) /*
> */  (line networth subsessionround_in_sequence if sessiontype==13,  lp(longdash) lcolor(gs0) ) /*
> */  (connected revised_networth subsessionround_in_sequence if sessiontype==11,  lcolor(gs6) msymbol(X) mcolor(gs6) ) /*
> */, xline(16) legend(order(1 "T1/T4 model" 2 "T2/T5/T6 model" 3 "T3 model" 4 "T1*/T4* model" ) rows(1) size(*0.8) symxsize(*0.8))   name(networth, replace) ytitle("Net worth (000)")
{res}{txt}
{com}. graph save graph/networth_model, replace
{res}{txt}(file graph/networth_model.gph saved)

{com}. 
. 
. grc1leg consumption networth
{res}{txt}
{com}. graph export graph/model.pdf, replace
{txt}(file graph/model.pdf written in PDF format)

{com}. 
. *=============================
. *Figure 2
. *=============================
. 
. foreach stub of global varlist{c -(}
{txt}  2{com}. twoway (line `stub' subsessionround_in_sequence if sessiontype==1 ,lcolor(gs6) lwidth(2) ) /*
> */(line `stub' subsessionround_in_sequence if sessiontype==2,  lcolor(gs3) lwidth(1) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==3,  lcolor(gs0) lwidth(0.2) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==4 , lp(dash_dot) lcolor(gs6) lwidth(2) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==5 , lp(dash_dot) lcolor(gs3) lwidth(1) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==6 , lp(shortdash) lcolor(gs3) lwidth(1) ) /*
> */(line `stub' subsessionround_in_sequence if sessiontype==11 , lp(dot) lcolor(gs6) lwidth(2)) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==12, lp(dot) lcolor(gs3) lwidth(1)) /*
> */  (line `stub' subsessionround_in_sequence if sessiontype==13, lp(dot) lcolor(gs0) lwidth(0.2)) /*
> */, xline(16) legend(order(1 "T1" 2 "T2" 3 "T3" 4 "T4"  5 "T5" 6 "T6" 7 "T1/T4 model" 8 "T2/T5/T6 model" 9 "T3 model") rows(3) size(*0.8) symxsize(*0.8))   name(`stub', replace)
{txt}  3{com}. graph save graph/`stub', replace
{txt}  4{com}. graph export graph/`stub'.pdf, replace
{txt}  5{com}. {c )-}
{res}{txt}(file graph/playerconsumption.gph saved)
(file graph/playerconsumption.pdf written in PDF format)
{res}{txt}(file graph/networth.gph saved)
(file graph/networth.pdf written in PDF format)

{com}. 
. grc1leg playerconsumption networth
{res}{txt}
{com}. graph export graph/meancomparison.pdf, replace
{txt}(file graph/meancomparison.pdf written in PDF format)

{com}. 
. 
. restore
{txt}
{com}. 
. 
. 
. *=============================
. *App Figure C3 (a)
. *=============================
. 
. preserve
{txt}
{com}. global varlist=" playertotal_payoff playerconsumption playerbalance_RA playerbalance_TDA playerbalance_CA playercontribution  revised_playerbalance_TDA "
{txt}
{com}. collapse (median) $varlist , by(sessiontype subsessionround_in_sequence)
{txt}
{com}. **# Bookmark #1
. drop if subsessionround_in_sequence==55 /*record the final questionnaire*/
{txt}(0 observations deleted)

{com}. replace playerbalance_TDA=0 if playerbalance_TDA==.
{txt}(0 real changes made)

{com}. replace playerbalance_CA=0 if playerbalance_CA==.
{txt}(0 real changes made)

{com}. replace revised_playerbalance_TDA=0 if revised_playerbalance_TDA==.
{txt}(0 real changes made)

{com}. 
. gen networth=playerbalance_RA+playerbalance_TDA+playerbalance_CA
{txt}
{com}. gen revised_networth=playerbalance_RA+revised_playerbalance_TDA+playerbalance_CA
{txt}
{com}. replace revised_networth=networth if sessiontype~=1 & sessiontype~=4 & sessiontype~=11
{txt}(0 real changes made)

{com}. global varlist="playerconsumption networth "
{txt}
{com}. label var playertotal_payoff "Cumulative earnings"
{txt}
{com}. label var playerconsumption "Consumption (000)"
{txt}
{com}. label var  networth "Total networth (000)"
{txt}
{com}. label var playerbalance_RA "RA balance"
{txt}
{com}. label var playerbalance_TDA "TDA balance (000)"
{txt}
{com}. label var subsessionround_in_sequence "Period"
{txt}
{com}. label var  revised_networth "Revised total networth (000)"
{txt}
{com}. keep if subsessionround_in_sequence<=25 /*record the final questionnaire*/
{txt}(90 observations deleted)

{com}. 
. 
. 
. foreach stub of global varlist{c -(}
{txt}  2{com}. twoway (line `stub' subsessionround_in_sequence if sessiontype==1 ,lcolor(gs6) lwidth(2) ) /*
> */(line `stub' subsessionround_in_sequence if sessiontype==2,  lcolor(gs3) lwidth(1) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==3,  lcolor(gs0) lwidth(0.2) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==4 , lp(dash_dot) lcolor(gs6) lwidth(2) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==5 , lp(dash_dot) lcolor(gs3) lwidth(1) ) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==6 , lp(shortdash) lcolor(gs3) lwidth(1) ) /*
> */(line `stub' subsessionround_in_sequence if sessiontype==11 , lp(dot) lcolor(gs6) lwidth(2)) /*
> */ (line `stub' subsessionround_in_sequence if sessiontype==12, lp(dot) lcolor(gs3) lwidth(1)) /*
> */  (line `stub' subsessionround_in_sequence if sessiontype==13, lp(dot) lcolor(gs0) lwidth(0.2)) /*
> */, xline(16) legend(order(1 "T1" 2 "T2" 3 "T3" 4 "T4"  5 "T5" 6 "T6" 7 "T1/T4 model" 8 "T2/T5/T6 model" 9 "T3 model") rows(3) size(*0.8) symxsize(*0.8))   name(`stub', replace)
{txt}  3{com}. graph save graph/`stub'_median, replace
{txt}  4{com}. graph export graph/`stub'_median.pdf, replace
{txt}  5{com}. {c )-}
{res}{txt}(file graph/playerconsumption_median.gph saved)
(file graph/playerconsumption_median.pdf written in PDF format)
{res}{txt}(file graph/networth_median.gph saved)
(file graph/networth_median.pdf written in PDF format)

{com}. 
. grc1leg playerconsumption networth
{res}{txt}
{com}. graph export graph/mediancomparison.pdf, replace
{txt}(file graph/mediancomparison.pdf written in PDF format)

{com}. 
. restore
{txt}
{com}. 
. 
. *=============================
. *Figure 3
. *=============================
. 
. replace playerbalance_CA=playerbalance_TDA if sessiontype==1 | sessiontype==4 | sessiontype==11
{txt}(3,642 real changes made)

{com}. 
. preserve
{txt}
{com}. 
. collapse (median)  playerbalance_CA_median= playerbalance_CA    (mean) playerbalance_CA  , by(sessiontype subsessionround_in_sequence)
{txt}
{com}. *merge SCF data
. merge n:1 subsessionround_in_sequence using data/data
{res}
{txt}{col 5}Result{col 38}# of obs.
{col 5}{hline 41}
{col 5}not matched{col 30}{res}              18
{txt}{col 9}from master{col 30}{res}              18{txt}  (_merge==1)
{col 9}from using{col 30}{res}               0{txt}  (_merge==2)

{col 5}matched{col 30}{res}             297{txt}  (_merge==3)
{col 5}{hline 41}

{com}. gen playerbalance_CA_median_rel=.
{txt}(315 missing values generated)

{com}. foreach i of numlist 1 4 5 6 11{c -(}
{txt}  2{com}. sum playerbalance_CA_median if subsessionround_in_sequence==16 & sessiontype==`i'
{txt}  3{com}. replace playerbalance_CA_median_rel=playerbalance_CA_median/r(mean)*100 if sessiontype==`i'
{txt}  4{com}. {c )-}

{txt}    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playerbala~n {c |}{res}          1    486.7049           .   486.7049   486.7049
{txt}(35 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playerbala~n {c |}{res}          1    449.6469           .   449.6469   449.6469
{txt}(35 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playerbala~n {c |}{res}          1    410.4732           .   410.4732   410.4732
{txt}(35 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playerbala~n {c |}{res}          1    170.4267           .   170.4267   170.4267
{txt}(35 real changes made)

    Variable {c |}        Obs        Mean    Std. Dev.       Min        Max
{hline 13}{c +}{hline 57}
playerbala~n {c |}{res}          1    413.9144           .   413.9144   413.9144
{txt}(35 real changes made)

{com}. 
. keep if subsessionround_in_sequence<=25 /*record the final questionnaire*/
{txt}(90 observations deleted)

{com}. 
. 
. 
. twoway (line playerbalance_CA_median_rel subsessionround_in_sequence if sessiontype==1,   lwidth(2) lcolor(gs6) ) (line playerbalance_CA_median_rel subsessionround_in_sequence if sessiontype==4 , lwidth(2) lcolor(gs6) lp(dash_dot)) /*
> */(line playerbalance_CA_median_rel subsessionround_in_sequence if sessiontype==5,  lwidth(1) lcolor(gs3) lp(dash_dot)) (line playerbalance_CA_median_rel subsessionround_in_sequence if sessiontype==6 , lwidth(1) lcolor(gs3) lp(shortdash)) /*
> */(line playerbalance_CA_median_rel subsessionround_in_sequence if sessiontype==11 , lp(dot) lcolor(gs6) lwidth(2))/*
> */ (line retqliq_p45 subsessionround_in_sequence if sessiontype==1, lp(longdash) lwidth(0.7) lcolor(gs10)  ) (line retqliq_p50 subsessionround_in_sequence if sessiontype==1, lp(longdash) lwidth(0.6) lcolor(gs10) ) ///
> (line retqliq_p55 subsessionround_in_sequence if sessiontype==1, lp(longdash) lwidth(0.5) lcolor(gs10) ) (line retqliq_p60 subsessionround_in_sequence if sessiontype==1, lp(longdash) lwidth(0.4) lcolor(gs10) ) ///
> (line retqliq_p65 subsessionround_in_sequence if sessiontype==1, lp(longdash) lwidth(0.3) lcolor(gs10) ) (line retqliq_p70 subsessionround_in_sequence if sessiontype==1, lp(longdash) lwidth(0.2) lcolor(gs10)) ///
> , legend(order(1 "T1" 2 "T4" 3 "T5" 4 "T6" 5 "T1 model" 6 "p45" 7 "p50" 8 "p55" 9 "p60" 10 "p65" 11 "p70" ) rows(3)) xline(16)  ///
> ytitle("Ages 60-61=100") xtitle("Period")
{res}{txt}
{com}. graph export "graph\scf.pdf", replace
{txt}(file graph\scf.pdf written in PDF format)

{com}. restore
{txt}
{com}. 
{txt}end of do-file

{com}. exit, clear
